Cosan (NYSE:CSAN) Sees Strong Trading Volume – Should You Buy?

Posted by John Perry on Jan 30th, 2025

Shares of Cosan S.A. (NYSE:CSAN – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,046,911 shares changed hands during trading, an increase of 87% from the previous session’s volume of 1,094,747 shares.The stock last traded at $5.51 and had previously closed at $5.18.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating and issued a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd. UBS Group upgraded Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Check Out Our Latest Analysis on CSAN

Cosan Price Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The company’s 50-day moving average price is $5.89 and its two-hundred day moving average price is $8.01.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently modified their holdings of CSAN. Savant Capital LLC purchased a new position in Cosan during the 4th quarter valued at about $63,000. Caprock Group LLC bought a new stake in Cosan in the fourth quarter worth $61,000. Blue Trust Inc. raised its stake in shares of Cosan by 180.2% in the 4th quarter. Blue Trust Inc. now owns 12,519 shares of the company’s stock valued at $68,000 after acquiring an additional 8,051 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in Cosan during the fourth quarter worth approximately $147,000. Finally, Sivia Capital Partners LLC bought a new position in shares of Cosan in the fourth quarter valued at approximately $78,000.

Cosan Company Profile

(Get Free Report)

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.