Cosan (NYSE:CSAN) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Cosan (NYSE:CSAN) from a moderate sell rating to a hold rating in a research note released on Friday,Zacks.com reports.

CSAN has been the topic of several other research reports. Zacks Research lowered Cosan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, December 1st. HSBC set a $5.00 target price on shares of Cosan in a research report on Friday. Finally, Wall Street Zen raised shares of Cosan from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.50.

Cosan Trading Down 9.4%

Shares of NYSE:CSAN opened at $4.94 on Friday. Cosan has a 52 week low of $3.80 and a 52 week high of $6.68. The company’s 50 day moving average is $4.65 and its two-hundred day moving average is $4.83. The company has a market cap of $2.30 billion, a PE ratio of -3.33 and a beta of 0.85. The company has a current ratio of 2.13, a quick ratio of 1.98 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN) last issued its earnings results on Friday, November 14th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $7.09 billion. Cosan had a negative return on equity of 34.75% and a negative net margin of 32.24%. Equities analysts predict that Cosan will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSAN. FORA Capital LLC acquired a new stake in Cosan during the 1st quarter worth approximately $58,000. Ballentine Partners LLC acquired a new stake in shares of Cosan during the second quarter worth $64,000. Verus Capital Partners LLC purchased a new position in Cosan in the 3rd quarter valued at $69,000. Savant Capital LLC acquired a new position in Cosan in the 2nd quarter valued at $77,000. Finally, Russell Investments Group Ltd. purchased a new position in Cosan during the 2nd quarter worth $109,000.

About Cosan

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.