Cosan (NYSE:CSAN) Shares Up 4.4% – What’s Next?

Cosan S.A. Sponsored ADR (NYSE:CSAN) rose 4.4% during mid-day trading on Tuesday . The company traded as high as $3.03 and last traded at $3.0790. Approximately 161,652 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,082,427 shares. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group cut Cosan to a “hold” rating in a research note on Tuesday, May 26th. Zacks Research raised shares of Cosan to a “hold” rating in a report on Thursday, June 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. Citigroup upgraded Cosan to a “hold” rating in a research report on Monday, June 29th. Finally, HSBC cut shares of Cosan from a “hold” rating to a “reduce” rating and decreased their price objective for the company from $5.00 to $3.20 in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cosan has a consensus rating of “Reduce” and an average target price of $3.85.

Cosan Price Performance

The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12. The company has a 50 day moving average price of $2.91 and a 200-day moving average price of $3.55. The company has a market cap of $2.88 billion, a price-to-earnings ratio of -1.34 and a beta of 0.71.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $996.01 million. Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. As a group, equities research analysts predict that Cosan S.A. Sponsored ADR will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cosan

A number of hedge funds have recently bought and sold shares of CSAN. SmartHarvest Portfolios LLC acquired a new position in Cosan in the first quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd acquired a new position in Cosan during the fourth quarter worth $46,000. Royal Bank of Canada lifted its position in Cosan by 3,266.6% in the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after acquiring an additional 12,021 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after purchasing an additional 12,749 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in Cosan during the 4th quarter valued at $53,000.

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.