Shares of Cosan S.A. (NYSE:CSAN - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $5.44, but opened at $5.26. Cosan shares last traded at $5.26, with a volume of 14,937 shares trading hands.
Wall Street Analyst Weigh In
CSAN has been the subject of a number of recent research reports. Citigroup reiterated a "buy" rating and issued a $19.00 target price on shares of Cosan in a report on Monday, December 23rd. UBS Group raised shares of Cosan to a "strong-buy" rating in a research note on Friday, October 25th.
Check Out Our Latest Stock Analysis on Cosan
Cosan Stock Performance
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 firm's fifty day moving average is $5.61 and its 200 day moving average is $7.77.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Creative Planning boosted its holdings in Cosan by 4.8% during the 3rd quarter. Creative Planning now owns 57,692 shares of the company's stock valued at $552,000 after acquiring an additional 2,621 shares during the period. Blue Trust Inc. lifted its position in shares of Cosan by 217.1% during the third 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 last quarter. US Bancorp DE boosted its stake in shares of Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company's stock valued at $55,000 after purchasing an additional 4,646 shares during the period. FMR LLC increased its stake in Cosan by 114.3% in 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 during the period. Finally, PNC Financial Services Group Inc. increased its stake in Cosan by 181.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock worth $53,000 after buying an additional 6,311 shares during the period.
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.
Recommended Stories
Before you consider Cosan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cosan wasn't on the list.
While Cosan currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
