Cosan (NYSE:CSAN) Shares Up 4% – Should You Buy?

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s share price shot up 4% on Thursday . The company traded as high as $2.98 and last traded at $3.0050. Approximately 1,311,099 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 2,107,805 shares. The stock had previously closed at $2.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup upgraded Cosan to a “hold” rating in a research report on Monday, June 29th. HSBC cut shares of Cosan from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $5.00 to $3.20 in a research note on Tuesday, May 26th. Wall Street Zen upgraded Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Jefferies Financial Group lowered Cosan to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cosan in a research note on Friday, September 4th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Cosan presently has a consensus rating of “Reduce” and an average price target of $3.85.

Cosan Trading Up 2.6%

The stock has a market capitalization of $2.94 billion, a P/E ratio of -1.37 and a beta of 0.71. The stock’s 50 day moving average price is $2.91 and its 200-day moving average price is $3.48. The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Saturday, August 15th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%.The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $996.01 million. As a group, equities research analysts expect that Cosan S.A. Sponsored ADR will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On Cosan

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG grew its position in Cosan by 36.9% during the 4th quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Tejara Capital Ltd purchased a new position in shares of Cosan in the fourth quarter worth about $1,386,000. Monaco Asset Management SAM raised its stake in shares of Cosan by 200.5% in the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock worth $11,869,000 after purchasing an additional 2,004,813 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Cosan during the fourth quarter worth about $53,000. Finally, Barometer Capital Management Inc. boosted its position in Cosan by 1,839.0% in the first quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock valued at $707,000 after buying an additional 162,750 shares during the last quarter.

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.