Wall Street Zen upgraded shares of Cosan (NYSE:CSAN - Free Report) from a sell rating to a hold rating in a research report report published on Friday morning.
Cosan Stock Performance
CSAN traded up $0.12 during midday trading on Friday, reaching $4.22. The company had a trading volume of 1,929,438 shares, compared to its average volume of 1,238,425. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13. The stock has a market cap of $1.97 billion, a PE ratio of 3.19, a P/E/G ratio of 0.13 and a beta of 0.98. Cosan has a 12-month low of $3.80 and a 12-month high of $10.12. The business has a 50-day moving average price of $4.46 and a two-hundred day moving average price of $5.03.
Cosan (NYSE:CSAN - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. On average, sell-side analysts expect that Cosan will post 0.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CSAN. BNP Paribas Financial Markets bought a new position in Cosan in the 4th quarter worth approximately $27,000. GAMMA Investing LLC boosted its holdings in Cosan by 799.4% in the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock worth $30,000 after buying an additional 5,108 shares during the period. Cubist Systematic Strategies LLC bought a new position in Cosan in the 4th quarter worth approximately $41,000. Invesco Ltd. bought a new position in Cosan in the 4th quarter worth approximately $58,000. Finally, FORA Capital LLC bought a new position in Cosan in the 1st quarter worth approximately $58,000.
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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