Cosan (NYSE:CSAN) Sees Large Volume Increase – Here’s What Happened

Cosan S.A. Sponsored ADR (NYSE:CSAN) saw an uptick in trading volume on Tuesday . 2,812,185 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 1,635,476 shares.The stock last traded at $3.9750 and had previously closed at $3.91.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Cosan from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. Hsbc Global Res raised shares of Cosan from a “moderate sell” rating to a “hold” rating in a research note on Friday, December 5th. HSBC set a $5.00 target price on Cosan in a research note on Friday, December 5th. Finally, The Goldman Sachs Group cut their price target on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Monday, December 1st. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $4.75.

Cosan Stock Up 1.7%

The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -2.69 and a beta of 0.85. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The firm has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.66.

Cosan (NYSE:CSAN) last released its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.49). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Cosan had a negative return on equity of 36.85% and a negative net margin of 32.24%. As a group, sell-side analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Cosan

A number of institutional investors have recently bought and sold shares of CSAN. Jane Street Group LLC grew its stake in shares of Cosan by 4.2% during the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after buying an additional 3,866 shares during the period. Clear Harbor Asset Management LLC grew its position in Cosan by 12.7% during the second quarter. Clear Harbor Asset Management LLC now owns 44,500 shares of the company’s stock valued at $225,000 after acquiring an additional 5,000 shares during the period. Virtus Investment Advisers LLC increased its stake in Cosan by 21.8% during the second quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company’s stock worth $164,000 after acquiring an additional 5,820 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Cosan by 27.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 27,416 shares of the company’s stock worth $126,000 after purchasing an additional 5,856 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Cosan in the 2nd quarter worth about $64,000.

Cosan Company Profile

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.