Brokerages Set Cosan S.A. Sponsored ADR (NYSE:CSAN) PT at $9.47

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 research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.4667.

Several equities research analysts have commented on the company. Wall Street Zen upgraded Cosan from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. HSBC restated a "reduce" rating and set a $4.40 target price on shares of Cosan in a report on Monday. Zacks Research lowered shares of Cosan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, The Goldman Sachs Group reduced their price objective on shares of Cosan from $6.60 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, August 27th.

Cosan Stock Down 18.3%

NYSE CSAN traded down $1.04 on Monday, reaching $4.63. The company had a trading volume of 12,486,030 shares, compared to its average volume of 1,646,814. The company's fifty day moving average is $4.54 and its 200-day moving average is $5.05. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 3.50, a price-to-earnings-growth ratio of 0.38 and a beta of 1.05. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13. Cosan has a 1-year low of $3.80 and a 1-year high of $10.12.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in shares of Cosan during the 4th quarter worth approximately $27,000. GAMMA Investing LLC raised its position in Cosan by 799.4% during the first 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. FORA Capital LLC acquired a new stake in Cosan in the first quarter valued at $58,000. Ballentine Partners LLC acquired a new stake in Cosan in the second quarter valued at $64,000. Finally, Cerity Partners LLC bought a new position in shares of Cosan in the 1st quarter valued at about $69,000.

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.