Cosan (NYSE:CSAN) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Cosan (NYSE:CSAN) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen following a recent research note.
• The company's stock is currently trading at $3.9750 with a market cap of $1.86 billion and a P/E ratio of 3.01.
• Cosan reported a quarterly EPS of (\$0.36), with revenues of $1.23 billion significantly underperforming expectations of $7.12 billion.

Cosan (NYSE:CSAN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

Cosan Stock Performance

Cosan stock opened at $3.9750 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 3.01, a price-to-earnings-growth ratio of 0.12 and a beta of 0.98. The firm's 50 day simple moving average is $4.60 and its 200-day simple moving average is $5.06. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. Cosan has a fifty-two week low of $3.80 and a fifty-two week high of $10.27.

Cosan (NYSE:CSAN - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) EPS 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 for the quarter, compared to analysts' expectations of $7.12 billion. As a group, equities research analysts predict that Cosan will post 0.2 EPS for the current year.

Institutional Trading of Cosan

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Cosan during the 4th quarter valued at $27,000. GAMMA Investing LLC boosted its stake in shares of Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock worth $30,000 after acquiring an additional 5,108 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Cosan during the 4th quarter valued at about $41,000. Invesco Ltd. bought a new position in shares of Cosan in the 4th quarter valued at approximately $58,000. Finally, FORA Capital LLC acquired a new stake in Cosan in the 1st quarter worth approximately $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.

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