Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) dropped 5.3% during mid-day trading on Friday . The company traded as low as $5.49 and last traded at $5.48. Approximately 241,460 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 951,216 shares. The stock had previously closed at $5.78.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Cosan from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.
Get Our Latest Stock Report on CSAN
Cosan Stock Performance
The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $2.35 billion, a PE ratio of 3.81, a P/E/G ratio of 0.17 and a beta of 1.15. The firm's 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.39.
Cosan (NYSE:CSAN - Get Free Report) last announced its earnings results 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. Cosan had a negative net margin of 25.77% and a negative return on equity of 24.39%. As a group, research analysts predict that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cosan
A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings in shares of Cosan by 1,204.6% in the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock valued at $2,710,000 after purchasing an additional 459,995 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Cosan by 826.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock valued at $2,401,000 after buying an additional 393,784 shares during the period. Itau Unibanco Holding S.A. lifted its position in Cosan by 28.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock worth $7,670,000 after buying an additional 320,000 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company's stock valued at $1,602,000 after buying an additional 299,366 shares during the period. Finally, Moon Capital Management LP grew its holdings in shares of Cosan by 32.5% during the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock valued at $6,621,000 after acquiring an additional 298,593 shares in 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.
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