Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN – Get Free Report) have earned a consensus rating of “Reduce” from the six brokerages 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 1 year price objective among analysts that have issued a report on the stock in the last year is $3.85.
Several analysts recently commented on the company. Zacks Research raised Cosan to a “hold” rating in a report on Thursday, June 18th. Wall Street Zen raised Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Citigroup upgraded Cosan to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a report on Friday, September 4th.
Check Out Our Latest Analysis on CSAN
Cosan Trading Down 2.4%
Cosan (NYSE:CSAN – Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $996.01 million. Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. Equities research analysts predict that Cosan will post -0.27 earnings per share for the current year.
Institutional Trading of Cosan
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSAN. Royal Bank of Canada raised its position in shares of 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 acquiring an additional 12,021 shares during the period. Barometer Capital Management Inc. increased its stake 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 valued at $707,000 after purchasing an additional 162,750 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Cosan by 115.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock valued at $728,000 after purchasing an additional 94,605 shares in the last quarter. SmartHarvest Portfolios LLC acquired a new position in Cosan in the 1st quarter worth about $46,000. Finally, Blue Trust Inc. raised its holdings in Cosan by 12,141.9% in the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after purchasing an additional 12,749 shares during the period.
About Cosan
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.
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