Cosan (NYSE:CSAN) Receives “Buy” Rating from Citigroup

Cosan (NYSE:CSAN)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup in a report released on Monday,Benzinga reports. They currently have a $19.00 target price on the stock. Citigroup’s target price would indicate a potential upside of 239.29% from the company’s previous close.

Separately, UBS Group upgraded Cosan to a “strong-buy” rating in a report on Friday, October 25th.

Cosan Stock Performance

Cosan stock opened at $5.60 on Monday. Cosan has a fifty-two week low of $5.30 and a fifty-two week high of $16.45. The company has a market capitalization of $2.61 billion, a PE ratio of 4.31, a P/E/G ratio of 6.63 and a beta of 1.35. The company has a 50 day moving average price of $7.36 and a 200-day moving average price of $8.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86.

Hedge Funds Weigh In On Cosan

Large investors have recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC bought a new stake in shares of Cosan in the 2nd quarter valued at about $26,000. Blue Trust Inc. lifted its position in Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after acquiring an additional 3,059 shares during the last quarter. US Bancorp DE boosted its stake in 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 acquiring an additional 4,646 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cosan in the third quarter worth $97,000. Finally, FMR LLC increased its position in shares of Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after purchasing an additional 5,775 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.