Cosan (NYSE:CSAN) Trading Down 9.3% – Should You Sell?

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) dropped 9.3% on Friday . The stock traded as low as $4.90 and last traded at $4.9450. Approximately 2,758,631 shares traded hands during trading, an increase of 71% from the average daily volume of 1,608,893 shares. The stock had previously closed at $5.45.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Hsbc Global Res upgraded Cosan to a “moderate sell” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded shares of Cosan from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. The Goldman Sachs Group lowered their price objective on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. Finally, HSBC set a $5.00 target price on shares of Cosan in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.50.

Cosan Trading Down 9.4%

The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -3.31 and a beta of 0.85. The business’s fifty day moving average price is $4.65 and its 200 day moving average price is $4.84.

Cosan (NYSE:CSAN) last announced its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.49). Cosan had a negative return on equity of 34.75% and a negative net margin of 32.24%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. Research analysts anticipate that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cosan

A number of institutional investors have recently modified their holdings of CSAN. XTX Topco Ltd bought a new position in Cosan during the first quarter worth $262,000. Virtu Financial LLC acquired a new stake in Cosan during the 1st quarter worth about $166,000. Aigen Investment Management LP bought a new position in shares of Cosan in the 1st quarter worth about $127,000. Martin Currie Ltd. lifted its stake in shares of Cosan by 20.1% in the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock valued at $7,512,000 after purchasing an additional 240,613 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of Cosan during the 1st quarter valued at about $58,000.

About Cosan

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.