Brokerages Set Cosan S.A. Sponsored ADR (NYSE:CSAN) Target Price at $9.47

Cosan S.A. Sponsored ADR (NYSE:CSAN) has received an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.4667.

Several equities analysts recently weighed in on the stock. HSBC reaffirmed a “reduce” rating and issued a $4.40 price target on shares of Cosan in a research report on Monday, September 22nd. Wall Street Zen raised shares of Cosan from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Zacks Research cut shares of Cosan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group dropped their price target on shares of Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 27th. Finally, Hsbc Global Res raised shares of Cosan to a “moderate sell” rating in a research report on Monday, September 22nd.

Hedge Funds Weigh In On Cosan

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Cosan during the 4th quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in shares of Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company’s stock worth $30,000 after buying an additional 5,108 shares in the last quarter. FORA Capital LLC bought a new position in shares of Cosan during the 1st quarter worth approximately $58,000. Ballentine Partners LLC bought a new position in shares of Cosan during the 2nd quarter worth approximately $64,000. Finally, Cerity Partners LLC bought a new position in shares of Cosan during the 1st quarter worth approximately $69,000.

Cosan Price Performance

CSAN stock opened at $4.62 on Monday. The stock has a market capitalization of $2.15 billion, a PE ratio of 3.50, a price-to-earnings-growth ratio of 0.32 and a beta of 1.05. The company’s 50-day moving average is $4.57 and its 200-day moving average is $5.04. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. Cosan has a 1 year low of $3.80 and a 1 year high of $10.12.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. Equities research analysts expect that Cosan will post 0.2 EPS for the current fiscal year.

About Cosan

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.