Cosan (NYSE:CSAN) Trading 8.5% Higher – Time to Buy?

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) were up 8.5% during trading on Tuesday . The company traded as high as $5.34 and last traded at $5.3250. Approximately 383,799 shares changed hands during trading, a decline of 76% from the average daily volume of 1,595,794 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

CSAN has been the subject of several research reports. HSBC reissued a “reduce” rating and issued a $4.40 price objective on shares of Cosan in a research report on Monday, September 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cosan from a “hold” rating to a “buy” rating in a report on Saturday. Hsbc Global Res raised shares of Cosan to a “moderate sell” rating in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group reduced their target price on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $9.30.

Cosan Stock Up 9.7%

The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88. The business has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $4.84. The stock has a market capitalization of $2.51 billion, a P/E ratio of -3.64 and a beta of 1.00.

Cosan (NYSE:CSAN) last issued its earnings results on Friday, November 14th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.49). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $7.09 billion. Cosan had a negative net margin of 28.08% and a negative return on equity of 27.61%. Equities research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Monaco Asset Management SAM acquired a new stake in Cosan during the 3rd quarter valued at $4,600,000. Acadian Asset Management LLC acquired a new stake in shares of Cosan in the second quarter valued at $3,049,000. Millennium Management LLC raised its holdings in shares of Cosan by 235.0% in the third quarter. Millennium Management LLC now owns 487,514 shares of the company’s stock valued at $2,243,000 after buying an additional 341,973 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in shares of Cosan by 280.1% in the third quarter. Kapitalo Investimentos Ltda now owns 418,432 shares of the company’s stock valued at $1,925,000 after buying an additional 308,340 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Cosan by 3,995.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company’s stock worth $1,602,000 after buying an additional 299,366 shares in the last quarter.

Cosan Company Profile

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.