Cosan (NYSE:CSAN) Stock Price Up 6.2% - What's Next?

Key Points

• Shares of Cosan S.A. Sponsored ADR (CSAN) rose by 6.2%, reaching a last traded price of $4.87 amid a significant increase in trading volume.
• Goldman Sachs lowered its price target on Cosan to $5.00 while maintaining a "neutral" rating, whereas Zacks Research downgraded it to a "hold."
• Cosan reported a net loss of ($0.36) earnings per share in its most recent quarterly earnings, with actual revenue of $1.23 billion falling short of analyst estimates attributed to a negative net margin of 28.08%.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s stock price traded up 6.2% during trading on Wednesday . The company traded as high as $4.88 and last traded at $4.87. 3,017,066 shares were traded during trading, an increase of 123% from the average session volume of 1,352,552 shares. The stock had previously closed at $4.58.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research lowered shares of Cosan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. The Goldman Sachs Group lowered their price target on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 27th. Finally, Wall Street Zen raised shares of Cosan from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Cosan Price Performance

The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 4.16, a P/E/G ratio of 0.36 and a beta of 1.05. 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 business's 50 day simple moving average is $4.43 and its 200-day simple moving average is $5.00.

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

Institutional Investors Weigh In On Cosan

A number of hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its stake in shares of Cosan by 16.0% in the 2nd quarter. Engineers Gate Manager LP now owns 128,983 shares of the company's stock valued at $651,000 after purchasing an additional 17,820 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cosan by 4.2% in the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company's stock valued at $485,000 after purchasing an additional 3,866 shares in the last quarter. Virtus Investment Advisers LLC boosted its stake in shares of Cosan by 21.8% in the 2nd quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company's stock valued at $164,000 after purchasing an additional 5,820 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Cosan during the 2nd quarter worth approximately $109,000. Finally, JPMorgan Chase & Co. boosted its position in Cosan by 4,668.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company's stock worth $236,000 after buying an additional 45,841 shares during the period.

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.