Cosan (NYSE:CSAN) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Cosan (NYSE:CSAN) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently weighed in on CSAN. Hsbc Global Res upgraded Cosan from a “moderate sell” rating to a “hold” rating in a research note on Friday, December 5th. The Goldman Sachs Group cut their target price on shares of 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 research note on Wednesday, October 8th. Finally, HSBC set a $5.00 price objective on shares of Cosan in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cosan presently has an average rating of “Reduce” and an average target price of $4.75.

Cosan Price Performance

Cosan stock opened at $4.03 on Friday. 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 has a 12-month low of $3.80 and a 12-month high of $6.25. The stock has a market cap of $1.88 billion, a P/E ratio of -2.72 and a beta of 0.85. The company has a 50-day moving average price of $4.64 and a 200 day moving average price of $4.69.

Cosan (NYSE:CSAN) last posted its earnings results on Friday, November 14th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $7.09 billion. Cosan had a negative return on equity of 36.85% and a negative net margin of 32.24%. Sell-side analysts anticipate that Cosan will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. FORA Capital LLC purchased a new stake in Cosan in the 1st quarter valued at approximately $58,000. Ballentine Partners LLC acquired a new stake in shares of Cosan in the 2nd quarter valued at approximately $64,000. Verus Capital Partners LLC purchased a new stake in shares of Cosan in the third quarter valued at approximately $69,000. Savant Capital LLC purchased a new stake in shares of Cosan in the second quarter valued at approximately $77,000. Finally, Russell Investments Group Ltd. acquired a new position in Cosan during the second quarter worth $109,000.

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.