UBS Group Upgrades Cosan (NYSE:CSAN) to "Strong-Buy"

UBS Group upgraded shares of Cosan (NYSE:CSAN - Free Report) to a strong-buy rating in a report issued on Friday, Zacks.com reports.

Cosan Stock Down 1.5 %

CSAN stock traded down $0.12 during midday trading on Friday, reaching $8.34. The company had a trading volume of 523,889 shares, compared to its average volume of 418,959. The company has a 50 day moving average of $9.19 and a two-hundred day moving average of $9.89. The company has a market capitalization of $3.89 billion, a P/E ratio of 5.28, a PEG ratio of 8.42 and a beta of 1.41. Cosan has a 1 year low of $8.01 and a 1 year high of $16.45. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31.

Cosan (NYSE:CSAN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion during the quarter. On average, equities research analysts expect that Cosan will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Cosan

A number of institutional investors have recently added to or reduced their stakes in the business. 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. raised its position in shares of Cosan by 217.1% in the third quarter. Blue Trust Inc. now owns 4,468 shares of the company's stock valued at $44,000 after purchasing an additional 3,059 shares during the period. US Bancorp DE raised its position 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 purchasing an additional 4,646 shares during the period. XTX Topco Ltd acquired a new stake in shares of Cosan in the second quarter worth $115,000. Finally, Signaturefd LLC grew its stake in Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company's stock valued at $116,000 after buying an additional 11,495 shares during the last quarter.

About Cosan

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.