Cosan (NYSE:CSAN) Shares Up 4.7% – What’s Next?

Cosan S.A. (NYSE:CSAN) shares rose 4.7% during trading on Monday . The company traded as high as $5.53 and last traded at $5.53. Approximately 151,465 shares were traded during trading, a decline of 86% from the average daily volume of 1,060,990 shares. The stock had previously closed at $5.28.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CSAN. Citigroup restated a “buy” rating and issued a $19.00 price target on shares of Cosan in a research report on Monday, December 23rd. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a report on Friday, October 25th.

Cosan Trading Up 0.2 %

The business has a 50 day moving average of $6.46 and a 200-day moving average of $8.37. The stock has a market cap of $2.56 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 6.00 and a beta of 1.35. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31.

Institutional Investors Weigh In On Cosan

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Cosan by 339.5% in 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 last quarter. Renaissance Technologies LLC grew its stake in Cosan by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock worth $46,955,000 after acquiring an additional 100,700 shares during the period. XTX Topco Ltd acquired a new position in Cosan in the 2nd quarter valued at $115,000. Herr Investment Group LLC acquired a new position in Cosan in the 2nd quarter valued at $2,192,000. Finally, Creative Planning lifted its stake in shares of Cosan by 187.1% during the 2nd quarter. Creative Planning now owns 55,071 shares of the company’s stock worth $536,000 after purchasing an additional 35,892 shares during the period.

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.