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

Cosan S.A. Sponsored ADR (NYSE:CSAN) has earned an average recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat Ratings 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 target price among brokerages that have issued a report on the stock in the last year is $3.85.

Several equities research analysts have recently commented on CSAN shares. Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a research report on Tuesday. HSBC lowered shares of Cosan from a “hold” rating to a “reduce” rating and reduced their price target for the company from $5.00 to $3.20 in a research report on Tuesday.

Cosan Price Performance

NYSE CSAN opened at $3.02 on Tuesday. Cosan has a 52 week low of $2.96 and a 52 week high of $6.25. The firm has a market capitalization of $2.99 billion, a P/E ratio of -1.23 and a beta of 0.82. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01. The company has a 50-day moving average price of $3.93 and a 200-day moving average price of $4.31.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%. The business had revenue of $1.74 billion for the quarter.

Insider Activity at Cosan

In related news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $5.48, for a total transaction of $204,952.00. Following the completion of the transaction, the insider directly owned 2,128,536 shares in the company, valued at approximately $11,664,377.28. The trade was a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rubens Ometto Silveira Mello sold 77,640 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total value of $267,081.60. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 187,040 shares of company stock worth $869,816.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Verus Capital Partners LLC grew its stake in shares of Cosan by 20.0% during the 4th quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock valued at $71,000 after acquiring an additional 3,000 shares during the period. Jane Street Group LLC grew its stake in shares of Cosan by 4.2% during the 2nd quarter. Jane Street Group LLC now owns 95,992 shares of the company’s stock valued at $485,000 after acquiring an additional 3,866 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cosan by 40.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,753 shares of the company’s stock valued at $58,000 after acquiring an additional 4,255 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Cosan by 27.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 27,416 shares of the company’s stock valued at $126,000 after acquiring an additional 5,856 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Cosan by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 196,491 shares of the company’s stock valued at $810,000 after acquiring an additional 7,739 shares during the period.

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.