Citigroup Reaffirms Buy Rating for Cosan (NYSE:CSAN)

Cosan (NYSE:CSAN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup in a research report issued on Monday,Benzinga reports. They presently have a $19.00 target price on the stock. Citigroup’s price target would indicate a potential upside of 238.08% from the stock’s current price.

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

Cosan Trading Up 3.1 %

CSAN stock opened at $5.62 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The firm has a market cap of $2.62 billion, a P/E ratio of 4.32, a P/E/G ratio of 6.63 and a beta of 1.35. Cosan has a 1-year low of $5.30 and a 1-year high of $16.45. The business’s 50 day moving average is $7.43 and its 200-day moving average is $8.86.

Institutional Trading of Cosan

Several hedge funds have recently modified their holdings of CSAN. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan in the 2nd quarter worth approximately $26,000. 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 valued at $44,000 after purchasing 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 worth $55,000 after purchasing an additional 4,646 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Cosan during the third quarter worth $97,000. Finally, FMR LLC grew its holdings 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 during 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.