Cosan S.A. Sponsored ADR (NYSE:CSAN) Given Consensus Rating of “Reduce” by Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSANGet Free Report) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat Ratings 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 target price among analysts that have issued a report on the stock in the last year is $3.85.

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research note on Tuesday, June 9th. Jefferies Financial Group downgraded Cosan to a “hold” rating in a research note on Tuesday, May 26th. Citigroup upgraded shares of Cosan to a “hold” rating in a research note on Monday, June 29th. Zacks Research raised shares of Cosan to a “hold” rating in a report on Thursday, June 18th. Finally, HSBC lowered 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 report on Tuesday, May 26th.

Read Our Latest Research Report on CSAN

Hedge Funds Weigh In On Cosan

Hedge funds have recently made changes to their positions in the business. SmartHarvest Portfolios LLC bought a new position in Cosan in the 1st quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cosan in the 4th quarter worth $46,000. Royal Bank of Canada grew its stake in shares of Cosan by 3,266.6% in the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after buying an additional 12,021 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 12,749 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Cosan in the 4th quarter worth about $53,000.

Cosan Trading Down 2.8%

NYSE:CSAN 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 firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -1.34 and a beta of 0.71. Cosan has a one year low of $2.38 and a one year high of $6.01. The business has a fifty day moving average price of $2.91 and a 200-day moving average price of $3.55.

Cosan (NYSE:CSANGet Free Report) last announced its earnings results 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 company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $996.01 million. Sell-side analysts forecast that Cosan will post -0.27 EPS for the current year.

Cosan Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Cosan (NYSE:CSAN)

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