| COMPANY | ANALYST | RECOMENDATION | TARGET PRICE CZZ | LATEST UPDATE |
| Santander | Cristian Audi Rodrigo Almeida |
Outperform | $17.00 | 06/30/2020 |
| BofAML | Isabella Simonato Guilherme Palhares |
Outperform | $16.00 | 05/31/2020 |
| JP Morgan | Lucas Ferreira | Outperform | $14.50 | 02/30/2020 |
| HSBC | Alexandre Falcão | Equal-weight | $15.00 | 10/07/2019 |
| NAU Securities | Pedro Baptista | Outperform | $16.00 | 10/07/2019 |
| Goldman Sachs | Bruno Amorim Osmar Camilo João Frizo |
Outperform | $19.10 | 10/03/2019 |
| Morgan Stanley | Javier Martinez Roberto Browne |
Equal-weight | $16.00 | 09/20/2019 |
| BTG Pactual | Thiago Duarte | Outperform | $22.00 | 09/15/2019 |
| Itaú BBA | Antônio Barreto | Outperform | $14.50 | 01/29/2019 |
| Bradesco | Vicente Falanga | Outperform | $11.00 | 07/18/2018 |
MARKET CONSENSUS
| Outperform | 8 |
| Equal-weight | 2 |
| Underperform | 0 |
CONSENSUS TARGET PRICE COSAN S/A
| Average Price | $16.00 |
| Standard deviation | 1.95 |
| Higher | $22.00 |
| Lower | $11.00 |
Last update: July 7, 2020