Cosan (NYSE:CSAN) Trading Up 8.5% – Still a Buy?

Cosan S.A. Sponsored ADR (NYSE:CSAN) rose 8.5% during trading on Tuesday . The stock traded as high as $5.34 and last traded at $5.3250. Approximately 383,799 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,595,794 shares. The stock had previously closed at $4.91.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CSAN shares. The Goldman Sachs Group dropped their price target on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday. Hsbc Global Res upgraded Cosan to a “moderate sell” rating in a research report on Monday, September 22nd. HSBC reissued a “reduce” rating and issued a $4.40 price target on shares of Cosan in a research note on Monday, September 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. Finally, Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $9.30.

Cosan Price Performance

The stock’s fifty day moving average price is $4.61 and its 200-day moving average price is $4.84. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -3.64 and a beta of 1.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98.

Cosan (NYSE:CSAN) last posted its quarterly 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). Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $7.09 billion. Equities research analysts predict that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSAN. PharVision Advisers LLC bought a new stake in Cosan in the third quarter worth $157,000. Millennium Management LLC increased its holdings in shares of Cosan by 235.0% during the 3rd quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after acquiring an additional 341,973 shares during the last quarter. UBS Group AG increased its holdings in shares of Cosan by 4.5% during the 3rd quarter. UBS Group AG now owns 2,551,244 shares of the company’s stock valued at $11,736,000 after acquiring an additional 109,186 shares during the last quarter. Barometer Capital Management Inc. raised its stake in shares of Cosan by 77.7% in the 3rd quarter. Barometer Capital Management Inc. now owns 121,700 shares of the company’s stock valued at $560,000 after acquiring an additional 53,200 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Cosan by 1,788.2% during the third quarter. BNP Paribas Financial Markets now owns 116,348 shares of the company’s stock worth $535,000 after purchasing an additional 110,186 shares during the period.

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.