Cosan (NYSE:CSAN) Shares Gap Down – Here’s What Happened

Cosan S.A. (NYSE:CSAN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.44, but opened at $5.28. Cosan shares last traded at $5.34, with a volume of 452,608 shares changing hands.

Wall Street Analysts Forecast Growth

CSAN has been the topic of several recent analyst reports. Citigroup restated a “buy” rating and issued a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Cosan Trading Down 1.5 %

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The business has a 50-day moving average price of $6.96 and a two-hundred day moving average price of $8.63. The firm has a market cap of $2.50 billion, a PE ratio of 4.12, a PEG ratio of 6.63 and a beta of 1.35.

Institutional Investors Weigh In On Cosan

Several large investors have recently made changes to their positions in CSAN. Redwood Wealth Management Group LLC bought a new position in Cosan during the 2nd quarter worth $26,000. Blue Trust Inc. grew its holdings in Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after acquiring an additional 3,059 shares during the period. US Bancorp DE lifted its holdings in Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after acquiring an additional 4,646 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Cosan during the 3rd quarter valued at about $97,000. Finally, FMR LLC lifted its position in shares of Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after acquiring an additional 5,775 shares during the last quarter.

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.