Cosan (NYSE:CSAN) Reaches New 12-Month Low – Here’s What Happened

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares reached a new 52-week low on Thursday . The stock traded as low as $3.78 and last traded at $3.8250, with a volume of 371975 shares trading hands. The stock had previously closed at $3.85.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSAN. HSBC set a $5.00 price target on shares of Cosan in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. Wall Street Zen cut Cosan from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Hsbc Global Res upgraded Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, The Goldman Sachs Group decreased 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. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cosan has a consensus rating of “Reduce” and an average target price of $4.75.

Cosan Trading Down 0.4%

The company’s fifty day simple moving average is $4.49 and its two-hundred day simple moving average is $4.54. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

Cosan (NYSE:CSAN) last released its quarterly earnings data 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 during 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%. Research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

Several institutional investors have recently modified their holdings of CSAN. Royal Bank of Canada increased its stake in Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after purchasing an additional 197,987 shares in the last quarter. 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 valued at $257,000 after buying an additional 21,818 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Cosan by 11.1% in the first quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock valued at $481,000 after buying an additional 9,181 shares during the period. Clear Harbor Asset Management LLC increased its position in shares of Cosan by 12.7% during the second quarter. Clear Harbor Asset Management LLC now owns 44,500 shares of the company’s stock worth $225,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Cosan during the second quarter worth $556,000.

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.