Cosan (NYSE:CSAN) Trading Down 3.2% – What’s Next?

Cosan S.A. (NYSE:CSAN) shares traded down 3.2% on Monday . The company traded as low as $5.37 and last traded at $5.33. 419,932 shares changed hands during trading, a decline of 41% from the average session volume of 709,281 shares. The stock had previously closed at $5.50.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “buy” rating and set a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Cosan Trading Down 0.1 %

The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 3.94 and a beta of 1.33. The firm has a 50 day moving average price of $5.23 and a two-hundred day moving average price of $6.75.

Institutional Trading of Cosan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSAN. BNP Paribas Financial Markets bought a new position in Cosan during the fourth quarter worth $27,000. Cubist Systematic Strategies LLC bought a new position in Cosan in the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. lifted its position in Cosan by 181.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock valued at $53,000 after acquiring an additional 6,311 shares in the last quarter. PDS Planning Inc acquired a new position in Cosan during the 4th quarter valued at about $58,000. Finally, Invesco Ltd. bought a new stake in Cosan during the 4th quarter worth approximately $58,000.

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.