Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Average Recommendation of “Reduce” by Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have been assigned an average recommendation of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.75.

Separately, Jefferies Financial Group downgraded shares of Cosan to a “hold” rating in a research report on Tuesday.

Insider Activity

In other Cosan news, CEO Marcelo Eduardo Martins acquired 2,441,528 shares of Cosan stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $5.14 per share, for a total transaction of $12,549,453.92. Following the acquisition, the chief executive officer owned 4,890,286 shares of the company’s stock, valued at $25,136,070.04. This represents a 99.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maria Rita De Carvalh Drummond sold 37,400 shares of Cosan stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $5.48, for a total value of $204,952.00. Following the completion of the sale, the insider owned 2,128,536 shares of the company’s stock, valued at $11,664,377.28. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 109,400 shares of company stock valued at $602,734 over the last quarter.

Institutional Investors Weigh In On Cosan

Several large investors have recently bought and sold shares of the business. UBS Group AG increased its holdings in Cosan by 36.9% in the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after buying an additional 941,548 shares in the last quarter. Monaco Asset Management SAM increased its holdings in Cosan by 200.5% in the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after buying an additional 2,004,813 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Cosan by 5,210.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock worth $3,068,000 after buying an additional 761,968 shares in the last quarter. XTX Topco Ltd increased its holdings in Cosan by 1,312.8% in the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock worth $2,325,000 after buying an additional 547,051 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Cosan by 235.0% in the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock worth $2,243,000 after buying an additional 341,973 shares in the last quarter.

Cosan Stock Performance

Shares of CSAN stock opened at $3.37 on Tuesday. Cosan has a one year low of $3.25 and a one year high of $6.25. The company’s 50-day moving average is $4.00 and its 200 day moving average is $4.34. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -1.37 and a beta of 0.82. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

Cosan (NYSE:CSAN) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%. The firm had revenue of $1.74 billion for the quarter.

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.