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

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have earned an average recommendation of “Reduce” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.85.

Several research firms recently issued reports on CSAN. Zacks Research upgraded shares of Cosan to a “hold” rating in a report on Thursday, June 18th. HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and decreased their price target for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th. Citigroup raised Cosan to a “hold” rating in a research report on Monday, June 29th. Jefferies Financial Group downgraded Cosan to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th.

Cosan Trading Down 3.2%

NYSE:CSAN opened at $2.88 on Friday. The firm’s fifty day moving average is $2.93 and its 200-day moving average is $3.77. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87. Cosan has a 52 week low of $2.52 and a 52 week high of $6.01. The firm has a market cap of $2.85 billion, a P/E ratio of -1.17 and a beta of 0.70.

Insider Buying and Selling

In other Cosan news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the stock in a transaction that occurred 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 is available through this hyperlink. Also, CEO Marcelo Eduardo Martins acquired 2,441,528 shares of Cosan stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $5.14 per share, with a total value of $12,549,453.92. Following the transaction, the chief executive officer 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. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CSAN. SmartHarvest Portfolios LLC bought a new position in Cosan during the first quarter worth $46,000. Caitong International Asset Management Co. Ltd bought a new stake in Cosan in the fourth quarter valued at $46,000. Royal Bank of Canada increased 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 purchasing an additional 12,021 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Cosan during the fourth quarter valued at about $53,000. Finally, Blue Trust Inc. raised its holdings in shares of Cosan by 12,141.9% during the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after purchasing an additional 12,749 shares during the period.

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.