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

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been given an average rating of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.4667.

A number of research firms recently weighed in on CSAN. HSBC restated a “reduce” rating and issued a $4.40 price objective on shares of Cosan in a report on Monday, September 22nd. The Goldman Sachs Group decreased their price objective on Cosan from $6.60 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 27th. Wall Street Zen upgraded Cosan from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Zacks Research downgraded Cosan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Hsbc Global Res upgraded Cosan to a “moderate sell” rating in a report on Monday, September 22nd.

Cosan Stock Performance

NYSE CSAN opened at $4.62 on Monday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 3.50, a PEG ratio of 0.32 and a beta of 1.05. Cosan has a twelve month low of $3.80 and a twelve month high of $10.12. The stock has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $5.04. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $7.12 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. Sell-side analysts expect that Cosan will post 0.2 EPS for the current year.

Institutional Trading of Cosan

A number of large investors have recently bought and sold shares of CSAN. BNP Paribas Financial Markets acquired a new stake in Cosan during the 4th quarter worth about $27,000. GAMMA Investing LLC boosted its position in shares of Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company’s stock worth $30,000 after purchasing an additional 5,108 shares in the last quarter. FORA Capital LLC bought a new position in shares of Cosan during the 1st quarter worth about $58,000. Ballentine Partners LLC bought a new position in shares of Cosan during the 2nd quarter worth about $64,000. Finally, Cerity Partners LLC bought a new position in shares of Cosan during the 1st quarter worth about $69,000.

About Cosan

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.