Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $9.47 Consensus PT from Brokerages

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.4667.

Several research analysts have weighed in on CSAN shares. Zacks Research cut Cosan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. HSBC reiterated a “reduce” rating and set a $4.40 price objective on shares of Cosan in a research report on Monday. Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group reduced their target price on Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, August 27th.

Institutional Trading of Cosan

Several large investors have recently bought and sold shares of CSAN. Engineers Gate Manager LP boosted its stake in shares of Cosan by 16.0% during the second quarter. Engineers Gate Manager LP now owns 128,983 shares of the company’s stock valued at $651,000 after purchasing an additional 17,820 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cosan by 4.2% during the second quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after purchasing an additional 3,866 shares in the last quarter. Virtus Investment Advisers LLC boosted its stake in shares of Cosan by 21.8% during the second quarter. Virtus Investment Advisers LLC now owns 32,492 shares of the company’s stock valued at $164,000 after purchasing an additional 5,820 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Cosan during the second quarter valued at about $109,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cosan by 4,668.1% during the second quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company’s stock valued at $236,000 after purchasing an additional 45,841 shares in the last quarter.

Cosan Trading Up 4.3%

NYSE:CSAN opened at $4.98 on Monday. Cosan has a twelve month low of $3.80 and a twelve month high of $10.12. The company has a market cap of $2.32 billion, a P/E ratio of 3.77, a price-to-earnings-growth ratio of 0.33 and a beta of 1.05. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $5.04.

Cosan (NYSE:CSAN) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share (EPS) for the quarter. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $7.12 billion. As a group, analysts expect that Cosan will post 0.2 EPS for the current fiscal year.

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.