Cosan (NYSE:CSAN) Shares Gap Up – Here’s Why

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $4.42, but opened at $4.63. Cosan shares last traded at $4.6050, with a volume of 1,960,534 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen lowered Cosan from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. The Goldman Sachs Group reduced their price target on Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, December 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Finally, HSBC set a $5.00 target price on shares of Cosan in a report on Friday, December 5th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $4.75.

Cosan Trading Up 7.5%

The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -3.21, a P/E/G ratio of 1.29 and a beta of 0.83. The firm’s 50-day moving average is $4.30 and its 200-day moving average is $4.49. The company has a current ratio of 1.80, a quick ratio of 1.65 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 the consensus estimate of $0.02 by ($0.49). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. As a group, sell-side analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cosan

Several institutional investors and hedge funds have recently bought and sold shares of CSAN. Kapitalo Investimentos Ltda lifted its position in shares of Cosan by 280.1% during the 3rd 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 last quarter. Y Intercept Hong Kong Ltd bought a new position in Cosan during the second quarter worth about $480,000. Acadian Asset Management LLC bought a new stake in shares of Cosan in the second quarter valued at approximately $3,049,000. Vise Technologies Inc. purchased a new stake in shares of Cosan during the 2nd quarter valued at approximately $144,000. Finally, Savant Capital LLC bought a new position in Cosan in the 2nd quarter worth approximately $77,000.

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.