Cosan (NYSE:CSAN) Trading Up 4.7% – Should You Buy?

Cosan S.A. (NYSE:CSAN)’s stock price traded up 4.7% during mid-day trading on Monday . The stock traded as high as $5.53 and last traded at $5.53. 151,465 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,060,990 shares. The stock had previously closed at $5.28.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group raised Cosan to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup restated a “buy” rating and issued a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd.

Cosan Stock Performance

The firm has a market capitalization of $2.59 billion, a PE ratio of 13.43, a P/E/G ratio of 6.00 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The firm has a fifty day moving average price of $6.57 and a 200 day moving average price of $8.43.

Institutional Investors Weigh In On Cosan

Hedge funds have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda raised its position in Cosan by 113.2% during the third quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after buying an additional 34,798 shares during the period. Virtu Financial LLC acquired a new position in Cosan during the third quarter valued at $118,000. Itau Unibanco Holding S.A. raised its position in Cosan by 142,193.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock valued at $10,828,000 after buying an additional 1,131,863 shares during the period. Centiva Capital LP acquired a new position in Cosan during the third quarter valued at $286,000. Finally, FMR LLC raised its position in Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after buying an additional 5,775 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.