Shares of Cosan S.A. (NYSE:CSAN - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $5.26 and last traded at $5.27, with a volume of 310040 shares trading hands. The stock had previously closed at $5.38.
Analyst Ratings Changes
Several research firms have recently issued reports on CSAN. UBS Group raised Cosan to a "strong-buy" rating in a research note on Friday, October 25th. Citigroup restated a "buy" rating and issued a $19.00 price target on shares of Cosan in a research report on Monday, December 23rd.
Get Our Latest Research Report on Cosan
Cosan Price Performance
The company has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $8.71. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 4.13, a P/E/G ratio of 6.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86.
Hedge Funds Weigh In On Cosan
A number of hedge funds and other institutional investors have recently made changes to their positions in CSAN. Renaissance Technologies LLC raised its holdings in Cosan by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company's stock worth $46,955,000 after purchasing an additional 100,700 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Cosan by 142,193.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company's stock worth $10,828,000 after buying an additional 1,131,863 shares during the period. Herr Investment Group LLC bought a new position in Cosan during the second quarter worth $2,192,000. Dimensional Fund Advisors LP lifted its holdings in Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company's stock valued at $1,110,000 after buying an additional 88,064 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cosan during the third quarter valued at $808,000.
Cosan Company Profile
(
Get Free Report)
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.
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