Cosan (NYSE:CSAN) Trading 6.8% Higher – Here’s What Happened

Cosan S.A. (NYSE:CSAN) shot up 6.8% during trading on Friday . The company traded as high as $5.38 and last traded at $5.41. 1,070,075 shares were traded during mid-day trading, a decline of 12% from the average session volume of 1,210,678 shares. The stock had previously closed at $5.06.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSAN. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup reiterated a “buy” rating and issued a $19.00 target price on shares of Cosan in a research report on Monday, December 23rd.

Cosan Stock Up 7.4 %

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The stock’s fifty day moving average is $5.48 and its 200-day moving average is $7.62.

Institutional Investors Weigh In On Cosan

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after buying an additional 3,059 shares during the period. PNC Financial Services Group Inc. boosted its stake in Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after buying an additional 6,311 shares during the period. US Bancorp DE boosted its stake in Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after buying an additional 4,646 shares during the period. PDS Planning Inc purchased a new position in Cosan during the fourth quarter worth about $58,000. Finally, Invesco Ltd. purchased a new position in Cosan during the fourth quarter worth about $58,000.

Cosan Company Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.