Cosan Ltd. (NYSE:CZZ) reached a new 52-week high during trading on Friday . The stock traded as high as $7.40 and last traded at $7.30, with a volume of 702,181 shares traded. The stock had previously closed at $7.17.

Separately, Zacks Investment Research raised shares of Cosan from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Thursday, August 25th.

The stock has a 50-day moving average of $6.68 and a 200 day moving average of $5.53. The firm has a market capitalization of $1.93 billion and a P/E ratio of 10.43.

Cosan Ltd (Cosan) is a holding company. The Company operates through its subsidiaries: Cosan SA Industria e Comercio (Cosan SA) and Cosan Logistica SA (Cosan Log). The Company operates in segments: Raizen Energia SA (Raizen Energia), Raizen Combustiveis SA (Raizen Combustiveis), Companhia de Gas de Sao Paulo COMGAS (COMGAS), Cosan Log, Radar Propriedades Agricolas SA (Radar) and Lubricants.

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