Cosan S.A. (NYSE:CSAN - Get Free Report) shot up 3.9% during trading on Thursday . The company traded as high as $5.61 and last traded at $5.53. 213,066 shares were traded during trading, a decline of 70% from the average session volume of 718,477 shares. The stock had previously closed at $5.32.
Analysts Set New Price Targets
Separately, Citigroup reaffirmed a "buy" rating and set a $19.00 price target on shares of Cosan in a research note on Monday, December 23rd.
Check Out Our Latest Research Report on CSAN
Cosan Stock Down 6.2 %
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 has a market capitalization of $2.09 billion, a price-to-earnings ratio of 3.37, a price-to-earnings-growth ratio of 3.94 and a beta of 1.11. The firm has a 50 day moving average price of $5.20 and a two-hundred day moving average price of $6.49.
Hedge Funds Weigh In On Cosan
A number of hedge funds have recently made changes to their positions in CSAN. BNP Paribas Financial Markets acquired a new stake in Cosan in the 4th quarter valued at $27,000. GAMMA Investing LLC lifted its position in Cosan by 799.4% during the 1st quarter. GAMMA Investing LLC now owns 5,747 shares of the company's stock worth $30,000 after acquiring an additional 5,108 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Cosan in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its position in Cosan by 181.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock valued at $53,000 after acquiring an additional 6,311 shares in the last quarter. Finally, PDS Planning Inc acquired a new position in shares of Cosan during the fourth quarter worth $58,000.
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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