Cosan's (CSAN) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Cosan's stock has been reiterated with a "sell (D)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Research analysts have adjusted their price targets for Cosan, with Goldman Sachs lowering it from $6.60 to $5.00 and HSBC setting a target of $4.40, demonstrating a bearish sentiment.
• Cosan reported a quarterly earnings loss of ($0.36) per share, significantly below analyst expectations of $7.12 billion in revenue, highlighting its current financial challenges.

Cosan (NYSE:CSAN - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently commented on CSAN. The Goldman Sachs Group dropped their price target on Cosan from $6.60 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 27th. Hsbc Global Res raised Cosan to a "moderate sell" rating in a research report on Monday, September 22nd. HSBC reaffirmed a "reduce" rating and set a $4.40 price target on shares of Cosan in a research report on Monday, September 22nd. Wall Street Zen upgraded Cosan from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Zacks Research lowered Cosan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Cosan has a consensus rating of "Hold" and an average target price of $9.47.

Cosan Stock Performance

CSAN stock traded up $0.05 during midday trading on Wednesday, hitting $4.38. The company's stock had a trading volume of 884,907 shares, compared to its average volume of 2,405,643. The stock's 50-day moving average price is $4.62 and its 200 day moving average price is $4.99. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. Cosan has a 1 year low of $3.80 and a 1 year high of $9.12. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 3.32, a PEG ratio of 0.30 and a beta of 1.01.

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

Hedge Funds Weigh In On Cosan

A number of institutional investors have recently added to or reduced their stakes in the business. Martin Currie Ltd. increased its stake 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 acquiring an additional 240,613 shares during the last quarter. Acadian Asset Management LLC bought a new position in Cosan in the 2nd quarter worth about $3,049,000. Cubist Systematic Strategies LLC increased 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 acquiring an additional 299,366 shares during the last quarter. Royal Bank of Canada increased its stake in Cosan by 113,135.4% in the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company's stock worth $1,034,000 after acquiring an additional 197,987 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in Cosan by 16.0% in 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 during the last quarter.

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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