Cosan (NYSE:CSAN) Trading Up 4.7% – Should You Buy?

Cosan S.A. (NYSE:CSAN)’s share price 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.

Wall Street Analyst Weigh In

CSAN has been the subject of a number of recent research reports. UBS Group upgraded Cosan to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup reiterated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Cosan Stock Up 4.9 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The company has a market cap of $2.59 billion, a PE ratio of 13.43, a PEG ratio of 6.00 and a beta of 1.35. The firm has a fifty day simple moving average of $6.57 and a 200 day simple moving average of $8.43.

Institutional Trading of Cosan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSAN. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan in the 2nd quarter valued at about $26,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 3,059 shares during the last quarter. US Bancorp DE increased its holdings in shares of Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after acquiring an additional 4,646 shares during the last quarter. Quantbot Technologies LP bought a new position in Cosan during the 3rd quarter worth $97,000. Finally, FMR LLC grew its stake in Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after buying 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.