Cosan S.A. (NYSE:CSAN - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.44, but opened at $5.28. Cosan shares last traded at $5.34, with a volume of 452,608 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. UBS Group upgraded Cosan to a "strong-buy" rating in a research note on Friday, October 25th. Citigroup reissued a "buy" rating and set a $19.00 price target on shares of Cosan in a research report on Monday, December 23rd.
Read Our Latest Stock Analysis on CSAN
Cosan Stock Down 1.8 %
The stock has a market cap of $2.49 billion, a PE ratio of 4.11, a P/E/G ratio of 6.63 and a beta of 1.35. The business has a 50 day moving average price of $6.96 and a 200 day moving average price of $8.63. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.
Hedge Funds Weigh In On Cosan
Several hedge funds and other institutional investors have recently made changes to their positions in CSAN. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan during the 2nd quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company's stock worth $44,000 after purchasing an additional 3,059 shares during the period. US Bancorp DE grew its stake in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company's stock valued at $55,000 after buying an additional 4,646 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cosan during the third quarter worth about $97,000. Finally, FMR LLC lifted its holdings in Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company's stock worth $104,000 after buying an additional 5,775 shares in the last quarter.
About Cosan
(
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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