Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $3.85 Average Target Price from Analysts

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

Several equities research analysts have commented on CSAN shares. Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a research note on Tuesday, May 26th. HSBC lowered Cosan from a “hold” rating to a “reduce” rating and reduced their target price for the company from $5.00 to $3.20 in a report on Tuesday, May 26th. Zacks Research raised Cosan to a “hold” rating in a research report on Thursday, June 18th. Citigroup upgraded Cosan to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th.

Insider Buying and Selling at Cosan

In other news, Director Rubens Ometto Silveira Mello sold 77,640 shares of Cosan stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marcelo Eduardo Martins bought 2,441,528 shares of the stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $12,549,453.92. Following the completion of the purchase, the chief executive officer directly owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This trade represents a 99.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Trading of Cosan

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted 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 valued at $51,000 after acquiring an additional 12,021 shares during the last quarter. Barometer Capital Management Inc. increased its stake in shares of Cosan by 1,839.0% during the 1st quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock worth $707,000 after purchasing an additional 162,750 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Cosan by 115.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Cosan in the 1st quarter worth approximately $46,000. Finally, Blue Trust Inc. raised its holdings in shares of Cosan by 12,141.9% in the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after purchasing an additional 12,749 shares during the period.

Cosan Stock Down 0.2%

CSAN opened at $3.04 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. The company’s 50-day moving average is $3.05 and its 200 day moving average is $3.86. Cosan has a fifty-two week low of $2.52 and a fifty-two week high of $6.01. The firm has a market capitalization of $3.02 billion, a P/E ratio of -1.24 and a beta of 0.72.

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.