Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $4.75 Consensus PT from Analysts

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been given an average rating of “Reduce” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.75.

A number of analysts have issued reports on CSAN shares. The Goldman Sachs Group cut their price target on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Wall Street Zen cut shares of Cosan from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Hsbc Global Res upgraded shares of Cosan from a “moderate sell” rating to a “hold” rating in a report on Friday, December 5th. HSBC set a $5.00 price target on shares of Cosan in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th.

Cosan Stock Down 0.4%

NYSE:CSAN opened at $3.94 on Wednesday. Cosan has a 52 week low of $3.80 and a 52 week high of $6.25. The stock’s fifty day moving average is $4.59 and its two-hundred day moving average is $4.62. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

Cosan (NYSE:CSAN) last issued its quarterly earnings data 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). Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $7.09 billion. Research analysts anticipate that Cosan will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Cosan

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC purchased a new stake in shares of Cosan during the second quarter worth approximately $64,000. Verus Capital Partners LLC acquired a new position in Cosan during the 3rd quarter worth approximately $69,000. Savant Capital LLC purchased a new stake in shares of Cosan in the 2nd quarter valued at approximately $77,000. Russell Investments Group Ltd. acquired a new stake in shares of Cosan in the 2nd quarter valued at $109,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Cosan during the 2nd quarter worth $144,000.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.