Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Consensus Rating of “Hold” by Analysts

Cosan S.A. Sponsored ADR (NYSE:CSAN) has received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $9.50.

A number of brokerages recently issued reports on CSAN. The Goldman Sachs Group decreased their target price on Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, December 1st. HSBC set a $5.00 price target on Cosan in a research report on Friday, December 5th. Hsbc Global Res upgraded Cosan from a “moderate sell” rating to a “hold” rating in a report on Friday, December 5th. Zacks Research lowered shares of Cosan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th.

Institutional Trading of Cosan

Several large investors have recently added to or reduced their stakes in CSAN. Kapitalo Investimentos Ltda acquired a new stake in shares of Cosan in the second quarter worth $556,000. Martin Currie Ltd. raised its position in Cosan by 20.1% during the first quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock valued at $7,512,000 after buying an additional 240,613 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Cosan by 3,995.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after acquiring an additional 299,366 shares in the last quarter. XTX Topco Ltd acquired a new stake in Cosan during the 1st quarter worth about $262,000. Finally, Goldman Sachs Group Inc. grew its stake in Cosan by 79.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock valued at $257,000 after acquiring an additional 21,818 shares in the last quarter.

Cosan Stock Performance

Shares of CSAN opened at $4.79 on Friday. Cosan has a 12-month low of $3.80 and a 12-month high of $6.68. The stock has a market capitalization of $2.23 billion, a P/E ratio of -3.23 and a beta of 0.85. The firm’s 50 day moving average is $4.67 and its 200-day moving average is $4.82. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98.

Cosan (NYSE:CSAN) last issued its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. Cosan had a negative return on equity of 34.75% and a negative net margin of 32.24%. Equities research analysts anticipate that Cosan will post 0.2 EPS for the current fiscal year.

About Cosan

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.