Cosan (NYSE:CSAN) Trading Up 2.8% – Should You Buy?

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s stock price was up 2.8% during mid-day trading on Wednesday . The company traded as high as $4.37 and last traded at $4.2350. Approximately 3,316,596 shares were traded during trading, an increase of 39% from the average daily volume of 2,388,677 shares. The stock had previously closed at $4.12.

Wall Street Analysts Forecast Growth

CSAN has been the topic of several analyst reports. Wall Street Zen downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Finally, HSBC set a $5.00 price target on Cosan in a report on Friday, December 5th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cosan presently has a consensus rating of “Reduce” and an average price target of $4.75.

Cosan Trading Up 2.8%

The company has a 50-day moving average of $4.49 and a 200 day moving average of $4.51. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The company has a market cap of $4.20 billion, a PE ratio of -1.51 and a beta of 0.89.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The company had revenue of $1.74 billion during the quarter. Analysts predict that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Cosan

Several hedge funds have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Monaco Asset Management SAM lifted its stake in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after acquiring an additional 2,004,813 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Cosan by 5,210.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after acquiring an additional 761,968 shares during the period. XTX Topco Ltd grew its position in Cosan by 1,312.8% in the 4th quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after acquiring an additional 547,051 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Cosan by 235.0% in the third quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock worth $2,243,000 after purchasing an additional 341,973 shares during the period.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.