Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $9.50 Average PT from Brokerages

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.50.

CSAN has been the topic of a number of recent analyst reports. Hsbc Global Res raised Cosan from a “moderate sell” rating to a “hold” rating in a report on Friday. Wall Street Zen upgraded Cosan from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. HSBC set a $5.00 price target on Cosan in a research note on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their target price on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, December 1st.

Cosan Stock Performance

Shares of CSAN stock opened at $4.94 on Friday. The company has a market cap of $2.30 billion, a P/E ratio of -3.33 and a beta of 0.85. The business has a 50 day moving average of $4.66 and a two-hundred day moving average of $4.83. Cosan has a 52 week low of $3.80 and a 52 week high of $6.68. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.49). Cosan had a negative return on equity of 34.75% and a negative net margin of 32.24%.The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $7.09 billion. As a group, analysts anticipate that Cosan will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSAN. Kapitalo Investimentos Ltda acquired a new stake in Cosan during the 2nd quarter worth about $556,000. Martin Currie Ltd. boosted its holdings in shares of Cosan by 20.1% in the first quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock worth $7,512,000 after buying an additional 240,613 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Cosan by 3,995.3% in the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after acquiring an additional 299,366 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cosan during the first quarter valued at approximately $262,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Cosan by 79.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock valued at $257,000 after acquiring an additional 21,818 shares in 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.