Cosan S.A. Sponsored ADR (NYSE:CSAN) Receives $3.85 Average Target Price from Analysts

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN) have earned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.85.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Cosan to a “hold” rating in a research report on Tuesday, May 26th. Zacks Research upgraded Cosan to a “hold” rating in a research report on Thursday, June 18th. Citigroup raised Cosan to a “hold” rating in a research note on Monday, June 29th. HSBC cut 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 report on Tuesday, May 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research note on Tuesday, June 9th.

Cosan Stock Up 1.8%

Shares of NYSE:CSAN opened at $2.60 on Friday. Cosan has a fifty-two week low of $2.51 and a fifty-two week high of $6.01. The company has a quick ratio of 1.76, a current ratio of 1.87 and a debt-to-equity ratio of 2.12. The firm’s 50-day simple moving average is $2.91 and its 200-day simple moving average is $3.73. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -1.06 and a beta of 0.70.

Insiders Place Their Bets

In other Cosan news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total transaction of $267,081.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $5.14 per share, for a total transaction of $12,549,453.92. Following the completion of the purchase, the chief executive officer owned 4,890,286 shares in the company, valued at approximately $25,136,070.04. This trade represents a 99.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSAN. Royal Bank of Canada increased its holdings in Cosan by 113,135.4% in the first quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock valued at $1,034,000 after buying an additional 197,987 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cosan by 79.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock worth $257,000 after acquiring an additional 21,818 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cosan by 11.1% during the 1st quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock worth $481,000 after acquiring an additional 9,181 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Cosan by 4,668.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company’s stock worth $236,000 after acquiring an additional 45,841 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Cosan in the 2nd quarter valued at approximately $109,000.

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.