The Goldman Sachs Group Issues Pessimistic Forecast for Cosan (NYSE:CSAN) Stock Price

Cosan (NYSE:CSAN) had its target price reduced by equities researchers at The Goldman Sachs Group from $5.00 to $4.50 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 15.97% from the stock’s previous close.

A number of other brokerages have also issued reports on CSAN. Zacks Research lowered Cosan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. HSBC reiterated a “reduce” rating and set a $4.40 target price on shares of Cosan in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. Hsbc Global Res raised shares of Cosan to a “moderate sell” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen raised shares of Cosan from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $9.30.

Cosan Price Performance

Cosan stock opened at $5.36 on Monday. Cosan has a 12-month low of $3.80 and a 12-month high of $6.68. The company has a current ratio of 2.13, a quick ratio of 1.98 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.84. The firm has a market capitalization of $2.50 billion, a PE ratio of -3.62 and a beta of 0.85.

Cosan (NYSE:CSAN) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $7.09 billion. Cosan had a negative net margin of 32.24% and a negative return on equity of 34.75%. As a group, equities research analysts forecast that Cosan will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FORA Capital LLC purchased a new stake in shares of Cosan during the first quarter valued at $58,000. Ballentine Partners LLC acquired a new stake in Cosan during the 2nd quarter worth about $64,000. Verus Capital Partners LLC purchased a new stake in Cosan during the 3rd quarter valued at about $69,000. Savant Capital LLC acquired a new position in shares of Cosan in the second quarter valued at about $77,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Cosan in the second quarter valued at about $109,000.

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.