Cosan (NYSE:CSAN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cosan (NYSE:CSAN) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. Zacks Research upgraded shares of Cosan to a “hold” rating in a research report on Thursday, June 18th. Jefferies Financial Group downgraded Cosan to a “hold” rating in a report on Tuesday, May 26th. HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and decreased their price objective for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a report on Tuesday, June 9th. Finally, Citigroup upgraded Cosan to a “hold” rating in a report on Monday, June 29th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.85.

Cosan Stock Down 1.4%

Shares of CSAN opened at $2.90 on Friday. The firm has a market cap of $2.88 billion, a P/E ratio of -1.34 and a beta of 0.71. The stock has a 50 day simple moving average of $2.91 and a two-hundred day simple moving average of $3.53. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. Cosan has a 1 year low of $2.38 and a 1 year high of $6.01.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%.The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $996.01 million. On average, analysts forecast that Cosan will post -0.27 earnings per share for the current fiscal year.

Institutional Trading of Cosan

Large investors have recently bought and sold shares of the company. UBS Group AG raised its position in shares of Cosan by 36.9% in the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after acquiring an additional 941,548 shares in the last quarter. Tejara Capital Ltd purchased a new position in shares of Cosan in the 4th quarter valued at approximately $1,386,000. Monaco Asset Management SAM boosted its position in shares of Cosan by 200.5% during the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cosan during the fourth quarter valued at approximately $46,000. Finally, Royal Bank of Canada grew its stake in Cosan by 3,266.6% in the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after purchasing an additional 12,021 shares during the period.

About Cosan

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.