Cosan (NYSE:CSAN) Downgraded by Wall Street Zen to "Sell"

Cosan (NYSE:CSAN - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Cosan Stock Performance

CSAN stock traded up $0.10 during midday trading on Friday, hitting $5.83. 259,931 shares of the company traded hands, compared to its average volume of 886,477. Cosan has a twelve month low of $4.31 and a twelve month high of $10.78. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The business has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $5.60. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13.

Cosan (NYSE:CSAN - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.64). The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $7.17 billion. As a group, equities research analysts predict that Cosan will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Cosan

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Cosan during the fourth quarter worth $510,000. Caprock Group LLC acquired a new stake in Cosan during the fourth quarter worth $61,000. Citadel Advisors LLC lifted its holdings in shares of Cosan by 1,204.6% during the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock valued at $2,710,000 after acquiring an additional 459,995 shares during the period. Mariner LLC lifted its holdings in shares of Cosan by 273.1% during the fourth quarter. Mariner LLC now owns 106,724 shares of the company's stock valued at $581,000 after acquiring an additional 78,120 shares during the period. Finally, Invesco Ltd. bought a new position in shares of Cosan during the fourth quarter valued at $58,000.

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.