Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Consensus Recommendation of “Reduce” by Analysts

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been assigned an average rating of “Reduce” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $4.75.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. HSBC set a $5.00 target price on Cosan in a research report on Friday, December 5th. Wall Street Zen downgraded Cosan from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. The Goldman Sachs Group dropped their price objective on Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, December 1st. Finally, Hsbc Global Res raised Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th.

Cosan Stock Performance

Cosan stock opened at $3.94 on Wednesday. The firm has a market capitalization of $1.83 billion, a PE ratio of -2.66, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. Cosan has a one year low of $3.80 and a one year high of $6.25. The stock’s 50 day moving average price is $4.59 and its 200 day moving average price is $4.61. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.49). Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $7.09 billion. As a group, sell-side analysts expect that Cosan will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new position in Cosan in the second quarter worth about $556,000. Cubist Systematic Strategies LLC lifted its holdings in Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after buying an additional 299,366 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Cosan by 79.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock worth $257,000 after acquiring an additional 21,818 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Cosan in the 2nd quarter valued at approximately $480,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Cosan during the 2nd quarter valued at approximately $3,049,000.

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.