Cosan (NYSE:CSAN) Given New $5.00 Price Target at The Goldman Sachs Group

Cosan (NYSE:CSAN) had its price target reduced by The Goldman Sachs Group from $6.60 to $5.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Wall Street Zen upgraded shares of Cosan from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $12.00.

Cosan Price Performance

Shares of NYSE:CSAN opened at $4.10 on Wednesday. The firm has a market cap of $1.91 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 0.12 and a beta of 0.98. The firm’s fifty day moving average is $4.49 and its 200-day moving average is $5.03. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13. Cosan has a 52 week low of $3.80 and a 52 week high of $10.12.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) EPS for the quarter. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $7.12 billion. Sell-side analysts predict that Cosan will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Cosan

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC grew its holdings in Cosan by 1,204.6% in the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company’s stock worth $2,710,000 after purchasing an additional 459,995 shares during the period. Millennium Management LLC grew its holdings in Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after purchasing an additional 214,485 shares during the period. Jane Street Group LLC acquired a new stake in Cosan in the fourth quarter worth $451,000. Mariner LLC grew its holdings in Cosan by 273.1% in the fourth quarter. Mariner LLC now owns 106,724 shares of the company’s stock worth $581,000 after purchasing an additional 78,120 shares during the period. Finally, Invesco Ltd. acquired a new stake in Cosan in the fourth quarter worth $58,000.

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.