Cosan (NYSE:CSAN) Trading Up 5.4% – What’s Next?

Cosan S.A. (NYSE:CSAN)’s stock price rose 5.4% during mid-day trading on Friday . The company traded as high as $7.61 and last traded at $7.61. Approximately 239,130 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 428,566 shares. The stock had previously closed at $7.22.

Analysts Set New Price Targets

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

Cosan Stock Up 6.1 %

The company has a 50-day moving average of $8.65 and a 200 day moving average of $9.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Cosan by 4.8% in the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock worth $552,000 after acquiring an additional 2,621 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in Cosan in the second quarter worth about $26,000. Blue Trust Inc. boosted its position in shares of Cosan by 217.1% during the third 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 during the period. US Bancorp DE grew its stake in shares of Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after buying an additional 4,646 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Cosan by 114.3% in the third 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 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.