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

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have received an average recommendation of “Reduce” from the five brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.85.

Several research firms have commented on CSAN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. HSBC lowered shares of Cosan from a “hold” rating to a “reduce” rating and lowered their price objective for the company from $5.00 to $3.20 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th.

Insider Activity

In other news, CEO Marcelo Eduardo Martins bought 2,441,528 shares of Cosan stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $5.14 per share, with a total value of $12,549,453.92. Following the completion of the purchase, the chief executive officer owned 4,890,286 shares in the company, valued at $25,136,070.04. The trade was a 99.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total transaction of $267,081.60. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 187,040 shares of company stock valued at $869,816.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG raised its stake in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock valued at $13,797,000 after acquiring an additional 941,548 shares during the period. Monaco Asset Management SAM raised its stake in shares of Cosan by 200.5% in the fourth quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after acquiring an additional 2,004,813 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Cosan by 5,210.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after acquiring an additional 761,968 shares during the period. XTX Topco Ltd raised its stake in shares of Cosan by 1,312.8% in the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after acquiring an additional 547,051 shares during the period. Finally, Millennium Management LLC raised its stake 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 acquiring an additional 341,973 shares during the period.

Cosan Price Performance

CSAN stock opened at $2.66 on Friday. Cosan has a 52 week low of $2.52 and a 52 week high of $6.01. The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12. The company has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $4.08. The firm has a market capitalization of $2.63 billion, a P/E ratio of -1.08 and a beta of 0.74.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 24.09% and a negative return on equity of 14.30%. The business had revenue of $1.74 billion for the quarter. Analysts anticipate that Cosan will post -0.27 earnings per share for the current fiscal year.

Cosan Company Profile

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.