Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have been given a consensus recommendation of “Reduce” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.75.

CSAN has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Monday, December 1st. HSBC set a $5.00 price objective on shares of Cosan in a research note on Friday, December 5th. Hsbc Global Res raised shares of Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. Wall Street Zen lowered shares of Cosan from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new position in Cosan in the 2nd quarter worth approximately $64,000. Verus Capital Partners LLC acquired a new position in shares of Cosan during the third quarter worth $69,000. Savant Capital LLC purchased a new position in shares of Cosan in the second quarter valued at $77,000. Russell Investments Group Ltd. purchased a new position in shares of Cosan in the second quarter valued at $109,000. Finally, Vise Technologies Inc. acquired a new stake in Cosan during the 2nd quarter valued at $144,000.

Cosan Trading Up 2.2%

CSAN stock opened at $4.00 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -2.70 and a beta of 0.85. The business has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.65. Cosan has a 52 week low of $3.80 and a 52 week high of $6.25.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. On average, equities research analysts expect that Cosan will post 0.2 EPS for the current year.

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.