Zacks Research Downgrades Cosan (NYSE:CSAN) to Hold

Key Points

• Cosan (NYSE:CSAN) has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research, indicating a more cautious outlook on the stock.
• Goldman Sachs reduced its price target for Cosan from $6.60 to $5.00, reflecting a "neutral" stance on the company despite varying ratings from other analysts.
• Cosan reported a loss of ($0.36) earnings per share with revenues of $1.23 billion, significantly below consensus estimates, highlighting financial challenges within the company.

Zacks Research downgraded shares of Cosan (NYSE:CSAN - Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on CSAN. The Goldman Sachs Group cut their price target on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, August 27th. Wall Street Zen upgraded shares of Cosan from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Cosan presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Cosan Trading Up 1.3%

Shares of NYSE CSAN traded up $0.06 during mid-day trading on Tuesday, hitting $4.28. The stock had a trading volume of 1,186,335 shares, compared to its average volume of 1,276,445. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13. Cosan has a 1 year low of $3.80 and a 1 year high of $10.12. The business has a 50 day moving average price of $4.44 and a two-hundred day moving average price of $5.02. The firm has a market cap of $2.00 billion, a P/E ratio of 3.24, a price-to-earnings-growth ratio of 0.13 and a beta of 1.05.

Cosan (NYSE:CSAN - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. On average, equities analysts anticipate that Cosan will post 0.2 EPS for the current fiscal year.

Institutional Trading of Cosan

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in shares of Cosan during the 4th quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in shares of Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock valued at $30,000 after buying an additional 5,108 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Cosan during the 4th quarter valued at $41,000. Invesco Ltd. bought a new stake in shares of Cosan during the 4th quarter valued at $58,000. Finally, FORA Capital LLC purchased a new position in shares of Cosan in the 1st quarter worth about $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.