Cosan's (CSAN) "Buy" Rating Reaffirmed at Citigroup

Cosan (NYSE:CSAN - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Citigroup in a research note issued on Monday,Benzinga reports. They presently have a $19.00 price objective on the stock. Citigroup's price target suggests a potential upside of 239.29% from the stock's current price.

Separately, UBS Group raised Cosan to a "strong-buy" rating in a research report on Friday, October 25th.

Cosan Price Performance

CSAN stock traded down $0.02 during trading hours on Monday, hitting $5.60. 591,740 shares of the stock traded hands, compared to its average volume of 501,702. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The stock has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $8.85. Cosan has a one year low of $5.30 and a one year high of $16.45. The company has a market cap of $2.61 billion, a P/E ratio of 4.31, a P/E/G ratio of 6.63 and a beta of 1.35.

Institutional Investors Weigh In On Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda boosted its holdings in shares of Cosan by 113.2% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company's stock worth $627,000 after buying an additional 34,798 shares during the period. Virtu Financial LLC bought a new stake in Cosan during the third quarter valued at about $118,000. Itau Unibanco Holding S.A. grew its position in shares of Cosan by 142,193.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company's stock valued at $10,828,000 after purchasing an additional 1,131,863 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Cosan in the third quarter valued at about $286,000. Finally, FMR LLC increased its stake in shares of Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company's stock worth $104,000 after purchasing an additional 5,775 shares during the period.

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.