Cosan (NYSE:CSAN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Cosan (NYSE:CSAN) from a buy rating to a hold rating in a report issued on Saturday.

CSAN has been the topic of a number of other research reports. Hsbc Global Res raised shares of Cosan from a “moderate sell” rating to a “hold” rating in a research note on Friday, December 5th. The Goldman Sachs Group lowered their price target on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Monday, December 1st. HSBC set a $5.00 price objective on Cosan in a research note on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cosan has a consensus rating of “Reduce” and an average target price of $4.75.

Cosan Stock Performance

NYSE CSAN opened at $3.92 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. Cosan has a 1-year low of $3.80 and a 1-year high of $6.25. The firm has a market capitalization of $1.83 billion, a P/E ratio of -2.65 and a beta of 0.85. The business’s 50-day simple moving average is $4.63 and its 200-day simple moving average is $4.66.

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 business had revenue of $2 billion for the quarter, compared to analyst estimates of $7.09 billion. Cosan had a negative return on equity of 36.85% and a negative net margin of 32.24%. Equities analysts predict that Cosan will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSAN. FORA Capital LLC purchased a new stake in Cosan during the 1st quarter worth approximately $58,000. Vident Advisory LLC grew its position in shares of Cosan by 278.0% during the first quarter. Vident Advisory LLC now owns 51,156 shares of the company’s stock worth $267,000 after buying an additional 37,624 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Cosan by 113,135.4% in the first quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after buying an additional 197,987 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Cosan by 3,995.3% in the first quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock valued at $1,602,000 after acquiring an additional 299,366 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Cosan by 79.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock valued at $257,000 after acquiring an additional 21,818 shares during the last quarter.

Cosan Company Profile

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.