Cosan (NYSE:CSAN) Sets New 1-Year Low – What’s Next?

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.61 and last traded at $2.5950, with a volume of 445026 shares. The stock had previously closed at $2.63.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a report on Tuesday. HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and lowered their price target for the company from $5.00 to $3.20 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group downgraded Cosan to a “hold” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $3.85.

Cosan Stock Performance

The company has a quick ratio of 1.65, a current ratio of 1.87 and a debt-to-equity ratio of 2.12. The company has a 50 day moving average of $3.75 and a 200 day moving average of $4.18. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -1.07 and a beta of 0.74.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative return on equity of 14.30% and a negative net margin of 24.09%.The business had revenue of $1.74 billion during the quarter.

Insider Buying and Selling

In related news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.44, for a total value of $267,081.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of $5.14 per share, for a total transaction of $12,549,453.92. Following the purchase, the chief executive officer owned 4,890,286 shares of the company’s stock, valued at approximately $25,136,070.04. This represents a 99.70% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 187,040 shares of company stock worth $869,816.

Institutional Trading of Cosan

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake 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 in the last quarter. Monaco Asset Management SAM acquired a new stake in Cosan during the third quarter valued at approximately $4,600,000. Optiver Holding B.V. acquired a new stake in Cosan during the third quarter valued at approximately $589,000. Tejara Capital Ltd acquired a new stake in Cosan during the fourth quarter valued at approximately $1,386,000. Finally, SG Americas Securities LLC acquired a new stake in Cosan during the fourth quarter valued at approximately $746,000.

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.