Cosan (NYSE:CSAN) Stock Price Down 6.5% – Here’s Why

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s stock price traded down 6.5% during mid-day trading on Tuesday . The company traded as low as $4.39 and last traded at $4.3650. 758,183 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,599,313 shares. The stock had previously closed at $4.67.

Analysts Set New Price Targets

Several analysts recently commented on CSAN shares. The Goldman Sachs Group dropped their price target on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, December 1st. Wall Street Zen raised shares of Cosan from a “hold” rating to a “buy” rating in a report on Saturday, November 29th. HSBC set a $5.00 price target on shares of Cosan in a research note on Friday, December 5th. Hsbc Global Res raised shares of Cosan from a “moderate sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.50.

Cosan Stock Down 0.1%

The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The company has a market capitalization of $1.95 billion, a PE ratio of -2.83 and a beta of 0.85. The business’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.78.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.49). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. As a group, analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

Large investors have recently modified their holdings of the business. FORA Capital LLC purchased a new position in shares of Cosan during the 1st quarter worth $58,000. Vident Advisory LLC lifted its position in Cosan by 278.0% in the first quarter. Vident Advisory LLC now owns 51,156 shares of the company’s stock valued at $267,000 after buying an additional 37,624 shares during the last quarter. Royal Bank of Canada boosted its stake in Cosan by 113,135.4% during the first quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after buying an additional 197,987 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Cosan by 3,995.3% during the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock valued at $1,602,000 after acquiring an additional 299,366 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake 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 during the period.

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.