Cosan’s (CSAN) “Buy” Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of Cosan (NYSE:CSAN) in a report published on Monday,Benzinga reports. They currently have a $19.00 target price on the stock.

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

Cosan Stock Down 0.5 %

Shares of NYSE CSAN opened at $5.59 on Monday. Cosan has a 1 year low of $5.30 and a 1 year high of $16.45. The firm has a 50-day simple moving average of $7.43 and a two-hundred day simple moving average of $8.85. The company has a market cap of $2.61 billion, a P/E ratio of 4.30, a PEG ratio of 6.63 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.

Institutional Investors Weigh In On Cosan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSAN. Signaturefd LLC increased its holdings in Cosan by 2,736.9% during the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after purchasing an additional 11,495 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of Cosan during the second quarter valued at $26,000. Dimensional Fund Advisors LP increased its stake in shares of Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after buying an additional 88,064 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Cosan by 2.1% in the second 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 in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Cosan in the second quarter worth about $115,000.

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.