Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives Average Rating of “Reduce” from Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have been assigned an average rating of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $4.75.

CSAN has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Cosan from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. The Goldman Sachs Group cut their target price on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Hsbc Global Res raised Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Finally, HSBC set a $5.00 price objective on Cosan in a research report on Friday, December 5th.

Cosan Trading Down 0.9%

Shares of NYSE CSAN opened at $4.53 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. Cosan has a 12 month low of $3.71 and a 12 month high of $6.25. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -3.06, a P/E/G ratio of 1.33 and a beta of 0.83. The business has a fifty day simple moving average of $4.34 and a 200-day simple moving average of $4.48.

Cosan (NYSE:CSAN) last posted its quarterly earnings data 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 36.85% and a negative net margin of 32.24%.The company had revenue of $2 billion for the quarter, compared to analyst estimates of $7.09 billion. Sell-side analysts predict that Cosan will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CSAN. Monaco Asset Management SAM acquired a new stake in shares of Cosan during the 3rd quarter valued at $4,600,000. UBS Group AG increased its stake in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after acquiring an additional 941,548 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Cosan during the second quarter worth $3,049,000. Millennium Management LLC boosted its position in Cosan by 235.0% during the third quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after purchasing an additional 341,973 shares during the last quarter. Finally, Kapitalo Investimentos Ltda grew its stake in Cosan by 280.1% in the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock valued at $1,925,000 after purchasing an additional 308,340 shares in the last quarter.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.