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

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have been assigned a consensus rating of “Reduce” from the five ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.75.

Several equities research analysts have issued reports on CSAN shares. The Goldman Sachs Group cut their target price on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday, December 1st. Hsbc Global Res raised Cosan from a “moderate sell” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cosan in a research report on Wednesday. Wall Street Zen lowered shares of Cosan from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, HSBC set a $5.00 price target on shares of Cosan in a research note on Friday, December 5th.

Cosan Trading Up 2.5%

Shares of CSAN opened at $4.34 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.49. Cosan has a 12-month low of $3.71 and a 12-month high of $6.25. The firm has a market capitalization of $2.02 billion, a P/E ratio of -2.93, a P/E/G ratio of 1.27 and a beta of 0.83.

Cosan (NYSE:CSAN) last posted 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). The firm had revenue of $2 billion during 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%. Sell-side analysts forecast that Cosan will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CSAN. Tuttle Capital Management LLC purchased a new stake in shares of Cosan in the 4th quarter valued at $51,000. Ballentine Partners LLC acquired a new position in Cosan in the 2nd quarter valued at about $64,000. Verus Capital Partners LLC purchased a new stake in Cosan during the third quarter worth about $69,000. Savant Capital LLC acquired a new stake in shares of Cosan during the second quarter worth about $77,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Cosan in the second quarter valued at approximately $109,000.

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.