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

UBS Group upgraded shares of Cosan (NYSE:CSAN) to a strong-buy rating in a research note published on Friday morning, Zacks.com reports.

Cosan Stock Performance

NYSE CSAN opened at $8.47 on Friday. The business’s 50-day moving average price is $9.23 and its 200 day moving average price is $9.91. 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 has a twelve month low of $8.01 and a twelve month high of $16.45. The company has a market capitalization of $3.95 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 8.42 and a beta of 1.41.

Cosan (NYSE:CSAN) last released its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion for the quarter. On average, research analysts predict that Cosan will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSAN. Renaissance Technologies LLC raised its stake in shares of Cosan by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after acquiring an additional 100,700 shares during the period. Herr Investment Group LLC acquired a new stake in Cosan in the 2nd quarter valued at $2,192,000. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after purchasing an additional 88,064 shares during the period. Creative Planning boosted its position in shares of Cosan by 4.8% in the third quarter. Creative Planning now owns 57,692 shares of the company’s stock worth $552,000 after buying an additional 2,621 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 shares in 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.