Cosan (NYSE:CSAN) Trading Down 7.5% - What's Next?

Shares of Cosan S.A. (NYSE:CSAN - Get Free Report) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $5.10 and last traded at $5.11. 300,749 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,021,538 shares. The stock had previously closed at $5.52.

Analysts Set New Price Targets

A number of brokerages have recently commented on CSAN. UBS Group raised Cosan to a "strong-buy" rating in a research report on Friday, October 25th. Citigroup reiterated a "buy" rating and set a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Cosan Stock Performance

The stock has a 50 day simple moving average of $6.19 and a two-hundred day simple moving average of $8.21. 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

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in Cosan by 339.5% in the 2nd 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. FMR LLC increased its stake in shares of Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company's stock worth $104,000 after acquiring an additional 5,775 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Cosan during the third quarter worth about $808,000. Dynamic Technology Lab Private Ltd acquired a new stake in Cosan in the third quarter valued at about $228,000. Finally, Creative Planning increased its position in Cosan by 4.8% during the 3rd quarter. Creative Planning now owns 57,692 shares of the company's stock worth $552,000 after purchasing an additional 2,621 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.