Key Points
- Director Rubens Ometto Silveira Mello sold 77,640 Cosan shares on May 22 at an average price of $3.44, totaling about $267,082, according to an SEC filing.
- Cosan’s stock is trading near its 12-month low, opening at $3.36 versus a low of $3.22 and well below its 50-day and 200-day moving averages of $3.99 and $4.34.
- Analysts are turning more cautious on the company, with recent downgrades from Jefferies and HSBC leaving Cosan with an average “Reduce” rating and a consensus target price of $3.85.
Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) Director Rubens Ometto Silveira Mello sold 77,640 shares of Cosan stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $3.44, for a total value of $267,081.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cosan Stock Performance
NYSE:CSAN opened at $3.36 on Wednesday. The firm has a market cap of $3.33 billion, a PE ratio of -1.37 and a beta of 0.82. The stock has a fifty day moving average price of $3.99 and a 200 day moving average price of $4.34. Cosan S.A. Sponsored ADR has a 12-month low of $3.22 and a 12-month high of $6.25. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01.
Cosan (NYSE:CSAN - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. The company had revenue of $1.74 billion during the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%.
Institutional Trading of Cosan
A number of hedge funds and other institutional investors have recently bought and sold shares of CSAN. Royal Bank of Canada raised its stake in Cosan by 113,135.4% in the first quarter. Royal Bank of Canada now owns 198,162 shares of the company's stock valued at $1,034,000 after buying an additional 197,987 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Cosan by 79.4% in the first quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company's stock valued at $257,000 after buying an additional 21,818 shares in the last quarter. Jane Street Group LLC raised its stake in Cosan by 11.1% in the first quarter. Jane Street Group LLC now owns 92,126 shares of the company's stock valued at $481,000 after buying an additional 9,181 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Cosan by 4,668.1% in the second quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company's stock valued at $236,000 after buying an additional 45,841 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Cosan in the second quarter valued at $109,000.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered Cosan to a "hold" rating in a report on Tuesday. HSBC lowered Cosan from a "hold" rating to a "reduce" rating and decreased their target price for the company from $5.00 to $3.20 in a report on Tuesday. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $3.85.
Read Our Latest Research Report on Cosan
Cosan Company Profile
(
Get Free Report)
Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil's largest natural gas distributors.
Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.
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