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

Cosan S.A. Sponsored ADR (NYSE:CSAN) has received an average recommendation of “Reduce” from the five analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.85.

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

Insiders Place Their Bets

In other news, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $5.14 per share, for a total transaction of $12,549,453.92. Following the completion of the transaction, the chief executive officer directly owned 4,890,286 shares in the company, valued at $25,136,070.04. This trade represents a 99.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the company’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 owned 2,128,536 shares of the company’s stock, valued at approximately $11,664,377.28. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 187,040 shares of company stock worth $869,816 over the last three months.

Hedge Funds Weigh In On Cosan

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its position in shares of Cosan by 36.9% during the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after acquiring an additional 941,548 shares during the last quarter. Monaco Asset Management SAM bought a new position in shares of Cosan during the third quarter worth $4,600,000. Optiver Holding B.V. bought a new position in shares of Cosan during the third quarter worth $589,000. Tejara Capital Ltd bought a new position in shares of Cosan during the fourth quarter worth $1,386,000. Finally, SG Americas Securities LLC bought a new position in shares of Cosan during the fourth quarter worth $746,000.

Cosan Stock Down 0.2%

Shares of CSAN stock opened at $2.66 on Friday. Cosan has a 12 month low of $2.52 and a 12 month high of $6.01. The stock has a market cap of $2.63 billion, a P/E ratio of -1.08 and a beta of 0.74. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12. The company has a 50 day simple moving average of $3.54 and a two-hundred day simple moving average of $4.08.

Cosan (NYSE:CSAN) last announced its earnings results 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. On average, research analysts expect that Cosan will post -0.27 earnings per share for the current 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.