Cosan (NYSE:CSAN) Shares Gap Down - What's Next?

Key Points

• Cosan's stock gapped down from $4.22 to $4.00 at market open, last trading at $4.01 with significant volume of 387,295 shares.
• Wall Street Zen dropped Cosan's rating from "hold" to "sell," although the consensus rating remains "Strong Buy" with a price target of $19.00.
• Cosan reported a negative earnings per share of ($0.36) for the last quarter, with revenue significantly below analyst estimates at $1.23 billion versus expectations of $7.12 billion.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $4.22, but opened at $4.00. Cosan shares last traded at $4.01, with a volume of 387,295 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Cosan from a "sell" rating to a "hold" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, Cosan currently has a consensus rating of "Strong Buy" and a consensus price target of $19.00.

Cosan Stock Up 4.3%

The business has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $5.06. The stock has a market capitalization of $1.86 billion, a P/E ratio of 3.01, a PEG ratio of 0.12 and a beta of 0.98. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. Equities research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

A number of institutional investors and hedge funds have recently bought and sold shares of CSAN. BNP Paribas Financial Markets acquired a new position in Cosan in the fourth quarter worth $27,000. GAMMA Investing LLC boosted its stake in Cosan by 799.4% in the first quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock worth $30,000 after purchasing an additional 5,108 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Cosan in the fourth quarter worth $41,000. Invesco Ltd. acquired a new position in Cosan in the fourth quarter worth $58,000. Finally, FORA Capital LLC acquired a new position in Cosan in the first quarter worth $58,000.

About Cosan

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.