Cosan (NYSE:CSAN) Given “Reduce” Rating at HSBC

HSBC restated their reduce rating on shares of Cosan (NYSE:CSAN) in a report released on Monday, MarketBeat Ratings reports. They currently have a $4.40 target price on the stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen raised Cosan from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group cut their price target on Cosan from $6.60 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cosan presently has a consensus rating of “Hold” and a consensus target price of $9.47.

Cosan Stock Performance

Shares of CSAN stock opened at $4.63 on Monday. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $5.05. The stock has a market cap of $2.16 billion, a PE ratio of 3.50, a P/E/G ratio of 0.38 and a beta of 1.05. Cosan has a 1 year low of $3.80 and a 1 year high of $10.12. 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 (NYSE:CSAN) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. Sell-side analysts forecast that Cosan will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cosan

A number of hedge funds and other institutional investors have recently made changes to their positions in CSAN. Jane Street Group LLC purchased a new stake in shares of Cosan in the fourth quarter valued at $451,000. Ameriprise Financial Inc. purchased a new stake in shares of Cosan in the fourth quarter valued at $126,000. BNP Paribas Financial Markets purchased a new stake in shares of Cosan in the fourth quarter valued at $27,000. Millennium Management LLC grew its position in shares of Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock valued at $1,984,000 after purchasing an additional 214,485 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of Cosan in the fourth quarter valued at $149,000.

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.