Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $3.85 Consensus PT from Analysts

Cosan S.A. Sponsored ADR (NYSE:CSAN) has received a consensus rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.85.

Several brokerages recently weighed in on CSAN. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a report on Tuesday, June 9th. Zacks Research raised shares of Cosan to a “hold” rating in a research report on Thursday, June 18th. HSBC downgraded shares of Cosan from a “hold” rating to a “reduce” rating and lowered their price objective for the company from $5.00 to $3.20 in a research note on Tuesday, May 26th. Jefferies Financial Group cut Cosan to a “hold” rating in a research note on Tuesday, May 26th. Finally, Citigroup raised Cosan to a “hold” rating in a research report on Monday, June 29th.

Insider Transactions at Cosan

In other Cosan news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marcelo Eduardo Martins bought 2,441,528 shares of Cosan stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $5.14 per share, with a total value of $12,549,453.92. Following the acquisition, the chief executive officer owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This represents a 99.70% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On Cosan

Large investors have recently bought and sold shares of the business. UBS Group AG lifted its position in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after buying an additional 941,548 shares in the last quarter. Tejara Capital Ltd bought a new stake in Cosan in the 4th quarter worth approximately $1,386,000. Monaco Asset Management SAM raised its holdings in shares of Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after acquiring an additional 2,004,813 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Cosan during the 4th quarter worth approximately $746,000. Finally, SmartHarvest Portfolios LLC bought a new position in shares of Cosan during the 1st quarter valued at approximately $46,000.

Cosan Price Performance

Shares of NYSE:CSAN opened at $3.04 on Wednesday. The company has a market capitalization of $3.02 billion, a P/E ratio of -1.24 and a beta of 0.72. The company’s 50-day moving average is $3.05 and its 200 day moving average is $3.86. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87. Cosan has a fifty-two week low of $2.52 and a fifty-two week high of $6.01.

Cosan Company Profile

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.