Cosan (NYSE:CSAN) Upgraded to “Buy” at Wall Street Zen

Cosan (NYSE:CSAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also recently commented on the company. HSBC reiterated a “reduce” rating and set a $4.40 price objective on shares of Cosan in a research report on Monday, September 22nd. The Goldman Sachs Group decreased their price target on shares of Cosan from $6.60 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Cosan to a “moderate sell” rating in a research report on Monday, September 22nd. Finally, Zacks Research cut shares of Cosan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $9.47.

Cosan Trading Down 1.6%

Shares of Cosan stock opened at $4.89 on Friday. Cosan has a 1 year low of $3.80 and a 1 year high of $6.79. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The business has a 50 day moving average price of $4.61 and a 200 day moving average price of $4.85. The company has a market capitalization of $2.28 billion, a P/E ratio of -3.30 and a beta of 1.00.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.49). Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Sell-side analysts anticipate that Cosan will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Cosan

A number of institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Cosan during the first quarter worth about $262,000. Virtu Financial LLC acquired a new stake in Cosan during the 1st quarter worth approximately $166,000. Aigen Investment Management LP purchased a new position in Cosan in the first quarter valued at approximately $127,000. Martin Currie Ltd. lifted its position in Cosan by 20.1% during the first quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company’s stock valued at $7,512,000 after buying an additional 240,613 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Cosan during the first quarter worth approximately $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.