Cosan S.A. Sponsored ADR (NYSE:CSAN) Stock Has Consensus Price Target of $3.85

Cosan S.A. Sponsored ADR (NYSE:CSAN) has earned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.85.

Several research firms have recently commented on CSAN. Zacks Research upgraded Cosan to a “hold” rating in a report on Thursday, June 18th. Citigroup upgraded Cosan to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen upgraded shares of Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research note on Friday, September 4th.

Cosan Stock Down 2.4%

Cosan stock opened at $2.69 on Monday. Cosan has a 1-year low of $2.38 and a 1-year high of $5.74. The firm has a 50 day simple moving average of $2.82 and a 200 day simple moving average of $3.27. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -1.24 and a beta of 0.71.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Monaco Asset Management SAM boosted its stake in Cosan by 200.5% in the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after purchasing an additional 2,004,813 shares during the period. SG Americas Securities LLC raised its position in shares of Cosan by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock valued at $810,000 after buying an additional 7,739 shares in the last quarter. Barometer Capital Management Inc. raised its position in Cosan by 1,839.0% during the first quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock valued at $707,000 after purchasing an additional 162,750 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in Cosan by 115.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after buying an additional 94,605 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Cosan in the 4th quarter worth about $53,000.

Cosan Company Profile

Cosan SA (NYSE: CSAN) is a Brazil-based energy and infrastructure company with operations and investments across fuel distribution, sugar and ethanol, natural gas, logistics, lubricants and agricultural land management. The company operates primarily through subsidiaries and affiliated businesses, including stakes in businesses that produce renewable fuels, distribute energy and transport commodities.

Through Raízen, its joint venture with Shell, Cosan is involved in the production and marketing of sugar and ethanol, the generation of electricity from sugarcane biomass and the distribution of fuels through service stations and commercial channels.