Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have earned a consensus rating of “Reduce” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.85.

CSAN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. HSBC lowered shares of Cosan from a “hold” rating to a “reduce” rating and lowered their target price for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Zacks Research raised shares of Cosan to a “hold” rating in a research note on Thursday, June 18th. Citigroup upgraded shares of Cosan to a “hold” rating in a report on Monday, June 29th. Finally, Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th.

Hedge Funds Weigh In On Cosan

Hedge funds have recently bought and sold shares of the business. Verus Capital Partners LLC grew its holdings in shares of Cosan by 20.0% in the fourth quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock worth $71,000 after purchasing an additional 3,000 shares during the last quarter. Jane Street Group LLC boosted its position in Cosan by 4.2% in the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after buying an additional 3,866 shares during the period. Russell Investments Group Ltd. grew its stake in Cosan by 27.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 27,416 shares of the company’s stock worth $126,000 after acquiring an additional 5,856 shares in the last quarter. SG Americas Securities LLC grew its stake in Cosan by 4.1% in the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock worth $810,000 after acquiring an additional 7,739 shares in the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new position in shares of Cosan during the first quarter worth approximately $46,000.

Cosan Price Performance

NYSE:CSAN opened at $2.90 on Thursday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -1.34 and a beta of 0.71. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. The business has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $3.55. Cosan has a 1 year low of $2.38 and a 1 year high of $6.01.

Cosan (NYSE:CSAN) last released its earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $996.01 million. Equities analysts forecast that Cosan will post -0.27 EPS for the current year.

Cosan Company Profile

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.