Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Cosan S.A. (NYSE:CSAN) has received a consensus recommendation of "Hold" from five ratings firms, with target prices averaging $9.47.
• Cosan's stock has recently declined 22.7%, trading at approximately $4.38 with a significant trading volume of about 4.73 million shares.
• The company reported a quarterly earnings loss of ($0.36) EPS and a revenue of $1.23 billion, well below consensus estimates of $7.12 billion.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.4667.

CSAN has been the subject of a number of analyst reports. HSBC reissued a "reduce" rating and issued a $4.40 price objective on shares of Cosan in a research report on Monday. Wall Street Zen upgraded shares of Cosan from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Zacks Research cut shares of Cosan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group dropped their target price on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, August 27th.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently made changes to their positions in CSAN. Jane Street Group LLC bought a new stake in shares of Cosan during the 4th quarter valued at approximately $451,000. Ameriprise Financial Inc. bought a new stake in shares of Cosan during the 4th quarter valued at approximately $126,000. BNP Paribas Financial Markets bought a new stake in shares of Cosan during the 4th quarter valued at approximately $27,000. Millennium Management LLC grew its holdings in shares of Cosan by 142.8% during the 4th quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after purchasing an additional 214,485 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Cosan during the 4th quarter valued at approximately $149,000.

Cosan Trading Down 22.7%

CSAN traded down $1.29 during mid-day trading on Monday, hitting $4.38. The stock had a trading volume of 4,729,850 shares, compared to its average volume of 1,400,208. The stock's fifty day simple moving average is $4.54 and its 200-day simple moving average is $5.05. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 3.31, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. Cosan has a 1-year low of $3.80 and a 1-year high of $10.12.

Cosan (NYSE:CSAN - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. As a group, research analysts forecast that Cosan will post 0.2 EPS for the current fiscal year.

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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