Cosan (NYSE:CSAN) Hits New 1-Year Low – Should You Sell?

Cosan S.A. (NYSE:CSAN)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.01 and last traded at $5.16, with a volume of 1445275 shares trading hands. The stock had previously closed at $5.52.

Analysts Set New Price Targets

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

Cosan Trading Down 6.6 %

The business has a 50 day moving average of $6.19 and a two-hundred day moving average of $8.21. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSAN. Itau Unibanco Holding S.A. increased its position in Cosan by 142,193.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after buying an additional 1,131,863 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Cosan by 339.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after buying an additional 88,064 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cosan during the third quarter worth about $808,000. SPX Gestao de Recursos Ltda increased its position in Cosan by 113.2% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock worth $627,000 after purchasing an additional 34,798 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of Cosan by 4.8% in the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after acquiring an additional 2,621 shares during the last quarter.

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.