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

Cosan S.A. Sponsored ADR (NYSE:CSAN) has earned a consensus recommendation of “Reduce” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $3.85.

A number of research firms have issued reports on CSAN. Wall Street Zen upgraded Cosan from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Citigroup upgraded shares of Cosan to a “hold” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Cosan to a “hold” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research note on Friday, September 4th.

Cosan Stock Down 2.4%

Shares of NYSE:CSAN opened at $2.69 on Monday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -1.24 and a beta of 0.71. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12. Cosan has a 12-month low of $2.38 and a 12-month high of $5.74. The stock has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $3.25.

Cosan (NYSE:CSAN) last announced its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $996.01 million. On average, research analysts anticipate that Cosan will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

Several institutional investors have recently bought and sold shares of CSAN. Monaco Asset Management SAM raised its position in Cosan by 200.5% in the 4th 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 period. Royal Bank of Canada lifted its stake in Cosan by 3,266.6% in the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after purchasing an additional 12,021 shares during the last quarter. Barometer Capital Management Inc. boosted its position in shares of Cosan by 1,839.0% during 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 period. SG Americas Securities LLC boosted its position in shares of Cosan by 4.1% during the first quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock valued at $810,000 after buying an additional 7,739 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Cosan by 12,141.9% during the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after buying an additional 12,749 shares during the last quarter.

Cosan Company Profile

Cosan SA is a Brazilian holding company with operations spanning energy, logistics, fuel distribution, natural gas and agricultural land management. Founded in 1936, the company developed from a sugar and ethanol producer into a diversified group serving Brazil and selected international markets.

Through Raízen, its joint venture with Shell, Cosan participates in the production and distribution of sugarcane-based ethanol and sugar, as well as the distribution and retail marketing of fuels.