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

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received an average rating of “Reduce” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.4667.

A number of research analysts have recently commented on the company. Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Hsbc Global Res upgraded Cosan to a “moderate sell” rating in a report on Monday, September 22nd. Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their price target on shares of Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, August 27th.

Hedge Funds Weigh In On Cosan

A number of institutional investors have recently modified their holdings of CSAN. Kapitalo Investimentos Ltda bought a new stake in Cosan during the 2nd quarter valued at $556,000. Martin Currie Ltd. grew its position in shares of Cosan by 20.1% during the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock worth $7,512,000 after buying an additional 240,613 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Cosan by 3,995.3% during the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock valued at $1,602,000 after buying an additional 299,366 shares during the period. XTX Topco Ltd bought a new stake in shares of Cosan in the first quarter valued at about $262,000. Finally, Goldman Sachs Group Inc. lifted its stake in Cosan by 79.4% in the first quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock worth $257,000 after acquiring an additional 21,818 shares during the period.

Cosan Price Performance

Cosan stock opened at $4.92 on Tuesday. Cosan has a 12-month low of $3.80 and a 12-month high of $8.15. The company has a current ratio of 2.13, a quick ratio of 1.98 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average price of $4.76 and a 200-day moving average price of $4.90. The firm has a market capitalization of $2.30 billion, a PE ratio of -5.41 and a beta of 1.00.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. As a group, equities research analysts forecast that Cosan will post 0.2 EPS for the current year.

Cosan Company Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.