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

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

Separately, Jefferies Financial Group downgraded Cosan to a “hold” rating in a research note on Tuesday.

Insider Transactions at Cosan

In other Cosan news, insider Maria Rita De Carvalh Drummond sold 37,400 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 2,128,536 shares in the company, valued at $11,664,377.28. The trade was a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marcelo Eduardo Martins purchased 2,441,528 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $5.14 per share, with a total value 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. Over the last 90 days, insiders have sold 109,400 shares of company stock valued at $602,734.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Verus Capital Partners LLC lifted its position 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 buying an additional 3,000 shares in the last quarter. Jane Street Group LLC lifted its position 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 buying an additional 3,866 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 buying an additional 4,255 shares in the last quarter. Russell Investments Group Ltd. lifted its position 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 buying an additional 5,856 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position 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 buying an additional 7,739 shares in the last quarter.

Cosan Trading Up 0.1%

Cosan stock opened at $3.37 on Tuesday. The business has a 50-day simple moving average of $4.00 and a two-hundred day simple moving average of $4.34. The company has a market cap of $3.34 billion, a P/E ratio of -1.37 and a beta of 0.82. Cosan has a 52-week low of $3.25 and a 52-week high of $6.25. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

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

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.