Cosan (NYSE:CSAN) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Cosan (NYSE:CSAN) from a hold rating to a sell rating in a report released on Saturday.

Cosan Stock Performance

Shares of CSAN opened at $5.73 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The stock has a market capitalization of $2.67 billion, a P/E ratio of 4.34, a P/E/G ratio of 3.94 and a beta of 1.13. The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.59. Cosan has a 1 year low of $4.31 and a 1 year high of $10.99.

Cosan (NYSE:CSAN) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.64). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $7.17 billion. On average, sell-side analysts predict that Cosan will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Cosan

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of Cosan during the 4th quarter worth $510,000. Caprock Group LLC acquired a new position in shares of Cosan during the 4th quarter worth $61,000. Mariner LLC grew its stake in shares of Cosan by 273.1% during the 4th quarter. Mariner LLC now owns 106,724 shares of the company’s stock worth $581,000 after purchasing an additional 78,120 shares during the period. Citadel Advisors LLC grew its stake in shares of Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock worth $2,710,000 after purchasing an additional 459,995 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of Cosan during the 4th quarter worth $58,000.

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.