Cosan (NYSE:CSAN) Sees Unusually-High Trading Volume – What’s Next?

by · The Cerbat Gem

Shares of Cosan S.A. Sponsored ADR (NYSE:CSAN – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,812,185 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 1,635,476 shares.The stock last traded at $3.9750 and had previously closed at $3.91.

Analysts Set New Price Targets

CSAN has been the subject of several research reports. The Goldman Sachs Group cut their price target on Cosan from $5.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday, December 1st. Wall Street Zen downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. 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 research report on Friday, December 5th. Finally, HSBC set a $5.00 price target on shares of Cosan in a research note on Friday, December 5th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cosan presently has a consensus rating of “Reduce” and an average price target of $4.75.

View Our Latest Research Report on CSAN

Cosan Stock Performance

The business’s fifty day moving average price is $4.61 and its 200-day moving average price is $4.65. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The stock has a market capitalization of $1.84 billion, a PE ratio of -2.67 and a beta of 0.85.

Cosan (NYSE:CSAN – Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $7.09 billion. As a group, equities research analysts expect that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Cosan

A number of institutional investors and hedge funds have recently made changes to their positions in CSAN. Ballentine Partners LLC purchased a new position in Cosan during the second quarter worth about $64,000. Verus Capital Partners LLC bought a new stake in shares of Cosan during the 3rd quarter valued at about $69,000. Savant Capital LLC purchased a new position in shares of Cosan during the second quarter worth about $77,000. Russell Investments Group Ltd. bought a new position in shares of Cosan in the second quarter worth approximately $109,000. Finally, Vise Technologies Inc. purchased a new stake in Cosan in the second quarter valued at approximately $144,000.

About Cosan

(Get Free Report)

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.

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