Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received a consensus rating of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.85.

Several equities research analysts have recently commented on CSAN shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. HSBC cut Cosan from a “hold” rating to a “reduce” rating and cut their target price for the company from $5.00 to $3.20 in a research report on Tuesday, May 26th. Zacks Research raised Cosan to a “hold” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group cut Cosan to a “hold” rating in a research report on Tuesday, May 26th.

Insider Activity at Cosan

In other news, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $5.14 per share, with a total value of $12,549,453.92. Following the completion of the transaction, the chief executive officer directly owned 4,890,286 shares of the company’s stock, valued at approximately $25,136,070.04. This trade represents a 99.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $3.44, for a total transaction of $267,081.60. The SEC filing for this sale provides additional information. Insiders have sold a total of 187,040 shares of company stock valued at $869,816 over the last 90 days.

Institutional Trading of Cosan

Institutional investors and hedge funds have recently modified their holdings of the business. Monaco Asset Management SAM grew its position in Cosan by 200.5% during the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after buying an additional 2,004,813 shares during the period. UBS Group AG grew its position in Cosan by 36.9% during the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after buying an additional 941,548 shares during the period. Balyasny Asset Management L.P. grew its position in Cosan by 5,210.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after buying an additional 761,968 shares during the period. XTX Topco Ltd grew its position in Cosan by 1,312.8% during the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after buying an additional 547,051 shares during the period. Finally, Tejara Capital Ltd bought a new position in Cosan during the fourth quarter valued at about $1,386,000.

Cosan Price Performance

CSAN stock opened at $2.89 on Friday. The stock has a market capitalization of $2.87 billion, a PE ratio of -1.18 and a beta of 0.74. The company’s 50-day moving average is $3.45 and its 200-day moving average is $4.02. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. Cosan has a 1 year low of $2.52 and a 1 year high of $6.01.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative return on equity of 14.30% and a negative net margin of 24.09%.The company had revenue of $1.74 billion for the quarter. Equities research analysts expect that Cosan will post -0.27 EPS for the current fiscal year.

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.