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

Cosan (NYSE:CSAN)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research note issued on Monday,Benzinga reports. They presently have a $19.00 price objective on the stock. Citigroup’s price target points to a potential upside of 238.08% from the stock’s previous close.

Separately, UBS Group raised shares of 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 market cap of $2.62 billion, a P/E ratio of 4.32, a PEG ratio of 6.63 and a beta of 1.35. Cosan has a twelve month low of $5.30 and a twelve month high of $16.45. 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 business has a fifty day moving average of $7.43 and a 200-day moving average of $8.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in Cosan in the second quarter worth $26,000. Blue Trust Inc. increased its position in shares of 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 buying an additional 3,059 shares in the last quarter. US Bancorp DE raised its stake in Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after buying an additional 4,646 shares during the period. Quantbot Technologies LP bought a new position in Cosan during the third quarter worth about $97,000. Finally, FMR LLC grew its stake in Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after acquiring an additional 5,775 shares during the period.

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.