Cosan (NYSE:CSAN) Sets New 1-Year Low – What’s Next?

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $3.78 and last traded at $3.8250, with a volume of 371975 shares trading hands. The stock had previously closed at $3.85.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CSAN. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. HSBC set a $5.00 price objective on Cosan in a research report on Friday, December 5th. Hsbc Global Res raised Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. The Goldman Sachs Group cut their target price on Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded Cosan from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $4.75.

Cosan Stock Performance

The stock has a market capitalization of $1.83 billion, a P/E ratio of -2.59, a P/E/G ratio of 1.14 and a beta of 0.83. The stock has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $4.54. 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 announced its quarterly earnings data on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). Cosan had a negative return on equity of 36.85% and a negative net margin of 32.24%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. On average, equities analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Monaco Asset Management SAM acquired a new stake in Cosan in the 3rd quarter valued at about $4,600,000. Acadian Asset Management LLC acquired a new position in Cosan during the second quarter worth approximately $3,049,000. Millennium Management LLC raised its stake in Cosan by 235.0% in the third quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after buying an additional 341,973 shares during the period. Kapitalo Investimentos Ltda raised its stake in Cosan by 280.1% in the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock valued at $1,925,000 after buying an additional 308,340 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after acquiring an additional 197,987 shares during the period.

About Cosan

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.