Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $9.47 Average PT from Brokerages

Cosan S.A. Sponsored ADR (NYSE:CSAN) has received a consensus rating of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.4667.

Several equities research analysts have recently commented on CSAN shares. The Goldman Sachs Group decreased their price objective on Cosan from $6.60 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 27th. Zacks Research downgraded Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. HSBC restated a “reduce” rating and set a $4.40 price objective on shares of Cosan in a report on Monday. Finally, Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On Cosan

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in Cosan by 142.8% during the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after buying an additional 214,485 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Cosan during the second quarter worth $556,000. Jane Street Group LLC bought a new stake in Cosan during the fourth quarter worth $451,000. Martin Currie Ltd. grew its holdings in Cosan by 20.1% during the first quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock worth $7,512,000 after buying an additional 240,613 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Cosan by 799.4% during the first quarter. GAMMA Investing LLC now owns 5,747 shares of the company’s stock worth $30,000 after buying an additional 5,108 shares in the last quarter.

Cosan Trading Up 4.3%

NYSE CSAN opened at $4.98 on Monday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 3.77, a P/E/G ratio of 0.33 and a beta of 1.05. Cosan has a 52 week low of $3.80 and a 52 week high of $10.12. The business has a 50 day moving average price of $4.56 and a 200-day moving average price of $5.04. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. As a group, equities analysts expect that Cosan will post 0.2 earnings per share for the current fiscal year.

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.