Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Average Recommendation of “Reduce” by Brokerages

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $3.85.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered Cosan to a “hold” rating in a research note on Tuesday, May 26th. Zacks Research upgraded Cosan to a “hold” rating in a research report on Thursday, June 18th. Citigroup raised Cosan to a “hold” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of Cosan from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research note on Friday, September 4th.

Hedge Funds Weigh In On Cosan

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after acquiring an additional 12,021 shares during the last quarter. Barometer Capital Management Inc. boosted its position in shares of Cosan by 1,839.0% in the 1st quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock worth $707,000 after purchasing an additional 162,750 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Cosan by 115.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares during the period. SmartHarvest Portfolios LLC acquired a new stake in shares of Cosan during the first quarter worth $46,000. Finally, Blue Trust Inc. increased its holdings in Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after purchasing an additional 12,749 shares during the last quarter.

Cosan Stock Performance

CSAN stock opened at $2.90 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.87 and a quick ratio of 1.76. The company has a 50 day moving average price of $2.91 and a 200 day moving average price of $3.48. Cosan has a fifty-two week low of $2.38 and a fifty-two week high of $6.01. The stock has a market capitalization of $2.88 billion, a PE ratio of -1.34 and a beta of 0.71.

Cosan (NYSE:CSAN) last announced 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). The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $996.01 million. Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. Analysts forecast that Cosan will post -0.27 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.