Cosan (NYSE:CSAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cosan (NYSE:CSAN) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

CSAN has been the topic of a number of other reports. Citigroup upgraded Cosan to a “hold” rating in a report on Monday, June 29th. Zacks Research upgraded Cosan to a “hold” rating in a research report on Thursday, June 18th. Jefferies Financial Group lowered Cosan to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cosan in a report on Tuesday, June 9th. Finally, HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and cut their price objective for the stock from $5.00 to $3.20 in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Cosan has an average rating of “Reduce” and a consensus target price of $3.85.

Cosan Stock Performance

Shares of CSAN opened at $2.90 on Friday. Cosan has a 12-month low of $2.38 and a 12-month high of $6.01. The firm has a market capitalization of $2.88 billion, a P/E ratio of -1.34 and a beta of 0.71. The firm has a 50-day moving average price of $2.91 and a 200 day moving average price of $3.51. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12.

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

Hedge Funds Weigh In On Cosan

Institutional investors have recently bought and sold shares of the company. SmartHarvest Portfolios LLC acquired a new stake in shares of Cosan during the first quarter worth about $46,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cosan in the fourth quarter valued at approximately $46,000. Royal Bank of Canada increased its stake in Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after buying an additional 12,021 shares during the period. Blue Trust Inc. increased its stake in Cosan by 12,141.9% during the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after buying an additional 12,749 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in Cosan during the 4th quarter worth approximately $53,000.

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.