Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,660,728 shares were traded during trading, an increase of 91% from the previous session's volume of 1,389,778 shares.The stock last traded at $4.39 and had previously closed at $5.66.
Wall Street Analyst Weigh In
Several analysts recently issued reports on CSAN shares. Wall Street Zen upgraded shares of Cosan from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. HSBC reissued a "reduce" rating and issued a $4.40 price objective on shares of Cosan in a research note on Monday. Zacks Research downgraded shares of Cosan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cosan has a consensus rating of "Hold" and a consensus target price of $9.47.
Check Out Our Latest Report on Cosan
Cosan Stock Performance
The company's 50 day moving average is $4.54 and its 200 day moving average is $5.05. The firm has a market cap of $2.15 billion, a P/E ratio of 3.48, a P/E/G ratio of 0.38 and a beta of 1.05. 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 (NYSE:CSAN - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. As a group, equities analysts predict that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cosan
Several large investors have recently modified their holdings of CSAN. Acadian Asset Management LLC bought a new position in shares of Cosan during the second quarter valued at $3,049,000. Cubist Systematic Strategies LLC raised its stake in shares of Cosan by 3,995.3% during the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company's stock valued at $1,602,000 after acquiring an additional 299,366 shares during the last quarter. Martin Currie Ltd. raised its stake in shares of Cosan by 20.1% during the first quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company's stock valued at $7,512,000 after acquiring an additional 240,613 shares during the last quarter. Millennium Management LLC raised its stake in shares of Cosan by 142.8% during the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after acquiring an additional 214,485 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Cosan by 113,135.4% during the first quarter. Royal Bank of Canada now owns 198,162 shares of the company's stock valued at $1,034,000 after acquiring an additional 197,987 shares during the last quarter.
About Cosan
(
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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.
Further Reading
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