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

Cosan S.A. Sponsored ADR (NYSE:CSAN) has been assigned a consensus rating of “Reduce” from the five analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.75.

Several equities analysts have recently commented on CSAN shares. HSBC set a $5.00 target price on Cosan in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research note on Wednesday, October 8th. Hsbc Global Res raised shares of Cosan from a “moderate sell” rating to a “hold” rating in a report on Friday, December 5th. Wall Street Zen lowered shares of Cosan from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group reduced their price target on shares of Cosan from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, December 1st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CSAN. Ballentine Partners LLC bought a new stake in shares of Cosan in the 2nd quarter valued at approximately $64,000. Verus Capital Partners LLC acquired a new position in Cosan in the third quarter worth $69,000. Savant Capital LLC bought a new stake in Cosan during the second quarter valued at $77,000. Russell Investments Group Ltd. acquired a new stake in shares of Cosan during the second quarter worth $109,000. Finally, Vise Technologies Inc. bought a new position in shares of Cosan in the 2nd quarter worth about $144,000.

Cosan Stock Up 2.2%

Shares of NYSE CSAN opened at $4.00 on Wednesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80. Cosan has a 1 year low of $3.80 and a 1 year high of $6.25. The stock’s 50-day simple moving average is $4.62 and its 200-day simple moving average is $4.65. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -2.70 and a beta of 0.85.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.49). Cosan had a negative net margin of 32.24% and a negative return on equity of 36.85%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $7.09 billion. As a group, equities analysts anticipate that Cosan will post 0.2 earnings per share for the current fiscal year.

About Cosan

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.