Cosan (NYSE:CSAN) Shares Gap Up – Should You Buy?

Cosan S.A. (NYSE:CSAN) gapped up prior to trading on Thursday . The stock had previously closed at $5.76, but opened at $6.00. Cosan shares last traded at $5.86, with a volume of 152,028 shares.

Wall Street Analysts Forecast Growth

CSAN has been the subject of several analyst reports. UBS Group raised shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup reaffirmed a “buy” rating and issued a $19.00 price target on shares of Cosan in a research note on Monday, December 23rd.

Cosan Stock Performance

The business has a 50 day moving average price of $6.30 and a 200 day moving average price of $8.30. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CSAN. Creative Planning lifted its holdings in shares of Cosan by 4.8% during the third quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after purchasing an additional 2,621 shares in the last quarter. Blue Trust Inc. raised its position in Cosan by 217.1% in the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after buying an additional 3,059 shares during the last quarter. US Bancorp DE lifted its stake in Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after acquiring an additional 4,646 shares during the period. FMR LLC boosted its holdings in shares of Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after acquiring an additional 5,775 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Cosan in the third quarter worth approximately $97,000.

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.