Cosan (NYSE:CSAN) Shares Up 2.7% – What’s Next?

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares were up 2.7% on Friday . The company traded as high as $4.00 and last traded at $3.9850. Approximately 879,907 shares changed hands during trading, a decline of 46% from the average daily volume of 1,619,550 shares. The stock had previously closed at $3.88.

Analyst Ratings Changes

A number of brokerages have issued reports on CSAN. Hsbc Global Res upgraded shares of Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. HSBC set a $5.00 price target on Cosan in a research note on Friday, December 5th. The Goldman Sachs Group lowered their price objective on Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, December 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Cosan from a “buy” rating to a “hold” rating in a report on Saturday. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $4.75.

Cosan Stock Performance

The stock has a fifty day simple moving average of $4.64 and a two-hundred day simple moving average of $4.69. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -2.72 and a beta of 0.85.

Cosan (NYSE:CSAN) last announced its quarterly earnings data 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 36.85% and a negative net margin of 32.24%.The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $7.09 billion. Analysts expect that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cosan

Institutional investors have recently added to or reduced their stakes in the stock. FORA Capital LLC acquired a new stake in Cosan in the first quarter valued at approximately $58,000. Vident Advisory LLC lifted its stake in shares of Cosan by 278.0% in the 1st quarter. Vident Advisory LLC now owns 51,156 shares of the company’s stock valued at $267,000 after acquiring an additional 37,624 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock valued at $1,034,000 after acquiring an additional 197,987 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after acquiring an additional 299,366 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Cosan by 79.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock worth $257,000 after purchasing an additional 21,818 shares in the last quarter.

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.