Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives Consensus Rating of “Reduce” from Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received an average recommendation of “Reduce” from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $4.75.

A number of research firms have commented on CSAN. Wall Street Zen lowered Cosan from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. The Goldman Sachs Group decreased their price objective on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, December 1st. HSBC set a $5.00 price objective on shares of Cosan in a research report on Friday, December 5th. Finally, Hsbc Global Res upgraded shares of Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tuttle Capital Management LLC bought a new stake in shares of Cosan during the fourth quarter worth $51,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cosan by 40.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock worth $58,000 after purchasing an additional 4,255 shares during the last quarter. Ballentine Partners LLC acquired a new position in Cosan during the 2nd quarter valued at about $64,000. Verus Capital Partners LLC bought a new position in shares of Cosan in the 3rd quarter valued at about $69,000. Finally, Savant Capital LLC acquired a new stake in shares of Cosan during the 2nd quarter worth approximately $77,000.

Cosan Price Performance

NYSE:CSAN opened at $4.59 on Friday. 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 market cap of $2.19 billion, a PE ratio of -3.10, a price-to-earnings-growth ratio of 1.37 and a beta of 0.83. Cosan has a 12 month low of $3.71 and a 12 month high of $6.25. The company’s 50-day moving average price is $4.34 and its two-hundred day moving average price is $4.48.

Cosan (NYSE:CSAN) last posted its earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $7.09 billion. Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. On average, equities analysts anticipate that Cosan will post 0.2 EPS for the current fiscal year.

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.