Cosan (NYSE:CSAN) Hits New 12-Month Low – Time to Sell?

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $2.41 and last traded at $2.49, with a volume of 4128575 shares trading hands. The stock had previously closed at $2.52.

Analysts Set New Price Targets

CSAN has been the subject of several research analyst reports. HSBC cut Cosan from a “hold” rating to a “reduce” rating and cut their price target for the company from $5.00 to $3.20 in a report on Tuesday, May 26th. Jefferies Financial Group downgraded 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. Weiss Ratings restated a “sell (e+)” rating on shares of Cosan in a research report on Tuesday, June 9th. Finally, Citigroup raised shares of Cosan to a “hold” rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $3.85.

Cosan Stock Up 6.0%

The company has a market cap of $2.52 billion, a PE ratio of -1.18 and a beta of 0.70. The company has a fifty day moving average of $2.89 and a two-hundred day moving average of $3.67. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Saturday, August 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $996.01 million. Cosan had a negative net margin of 21.83% and a negative return on equity of 12.58%. As a group, analysts anticipate that Cosan S.A. Sponsored ADR will post -0.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rubens Ometto Silveira Mello sold 77,640 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.44, for a total transaction of $267,081.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Cosan

Large investors have recently bought and sold shares of the business. UBS Group AG increased its stake in 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 period. Tejara Capital Ltd bought a new stake in shares of Cosan during the fourth quarter worth $1,386,000. Monaco Asset Management SAM boosted its stake in shares of Cosan by 200.5% during the fourth 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 period. Russell Investments Group Ltd. purchased a new stake in shares of Cosan during the second quarter valued at $109,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Cosan in the fourth quarter worth about $55,000.

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.