Brokerages Set Cosan S.A. Sponsored ADR (NYSE:CSAN) Target Price at $3.85

Cosan S.A. Sponsored ADR (NYSE:CSAN) has earned an average recommendation of “Reduce” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $3.85.

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. Jefferies Financial Group cut Cosan to a “hold” rating in a research note on Tuesday, May 26th. Citigroup upgraded Cosan to a “hold” rating in a report on Monday, June 29th. Zacks Research raised Cosan to a “hold” rating in a research report on Thursday, June 18th. Finally, HSBC cut Cosan from a “hold” rating to a “reduce” rating and cut their target price for the stock from $5.00 to $3.20 in a report on Tuesday, May 26th.

Insider Buying and Selling at Cosan

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

Institutional Investors Weigh In On Cosan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Monaco Asset Management SAM boosted its stake in Cosan by 200.5% during the 4th quarter. Monaco Asset Management SAM now owns 3,004,813 shares of the company’s stock valued at $11,869,000 after purchasing an additional 2,004,813 shares during the last quarter. UBS Group AG raised its stake in shares of Cosan by 36.9% in the fourth quarter. UBS Group AG now owns 3,492,792 shares of the company’s stock worth $13,797,000 after purchasing an additional 941,548 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Cosan by 5,210.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 776,592 shares of the company’s stock valued at $3,068,000 after purchasing an additional 761,968 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Cosan by 1,312.8% in the fourth quarter. XTX Topco Ltd now owns 588,722 shares of the company’s stock valued at $2,325,000 after purchasing an additional 547,051 shares in the last quarter. Finally, Tejara Capital Ltd purchased a new position in shares of Cosan during the fourth quarter valued at approximately $1,386,000.

Cosan Price Performance

Shares of NYSE CSAN opened at $2.50 on Friday. The firm has a market capitalization of $2.48 billion, a P/E ratio of -1.02 and a beta of 0.70. The firm’s 50-day moving average price is $2.90 and its 200-day moving average price is $3.72. The company has a current ratio of 1.87, a quick ratio of 1.76 and a debt-to-equity ratio of 2.12. Cosan has a 1-year low of $2.45 and a 1-year high of $6.01.

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.