Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Average Rating of "Hold" by Analysts

Key Points

• Cosan S.A. has received an average analyst rating of "Hold", with two sell recommendations, two holds, one buy, and one strong buy.
• The average twelve-month price target for Cosan's stock is $9.47, but various analysts have issued lower target prices, with Goldman Sachs reducing theirs to $5.00.
• Cosan's shares dropped 3.9%, closing at $4.16, with a market capitalization of $1.94 billion and a negative net margin of 28.08%.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) has received an average rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.4667.

A number of research analysts have recently weighed in on the company. HSBC reaffirmed a "reduce" rating and set a $4.40 price objective on shares of Cosan in a research report on Monday, September 22nd. Hsbc Global Res raised shares of Cosan to a "moderate sell" rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Cosan in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. Finally, Zacks Research cut shares of Cosan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th.

Cosan Trading Down 3.9%

Shares of Cosan stock opened at $4.16 on Friday. The company's fifty day simple moving average is $4.62 and its 200-day simple moving average is $4.95. The stock has a market capitalization of $1.94 billion, a PE ratio of 3.15 and a beta of 1.01. Cosan has a 1-year low of $3.80 and a 1-year high of $8.64. 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 (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 for 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%. As a group, equities analysts anticipate that Cosan will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Martin Currie Ltd. lifted its holdings in Cosan by 20.1% in the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company's stock worth $7,512,000 after purchasing an additional 240,613 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Cosan in the second quarter worth $3,049,000. Cubist Systematic Strategies LLC lifted its stake in Cosan by 3,995.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company's stock worth $1,602,000 after purchasing an additional 299,366 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Cosan by 113,135.4% in the first quarter. Royal Bank of Canada now owns 198,162 shares of the company's stock worth $1,034,000 after buying an additional 197,987 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Cosan by 16.0% during the 2nd quarter. Engineers Gate Manager LP now owns 128,983 shares of the company's stock worth $651,000 after acquiring an additional 17,820 shares in the last quarter.

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.

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