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

Cosan S.A. (NYSE:CSAN) shares gapped up prior to trading on Monday . The stock had previously closed at $7.81, but opened at $8.09. Cosan shares last traded at $8.20, with a volume of 43,675 shares trading hands.

Analysts Set New Price Targets

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

Cosan Stock Down 0.1 %

The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average is $9.04 and its 200 day moving average is $9.81.

Cosan (NYSE:CSAN) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $2.05 billion for the quarter. As a group, research analysts anticipate that Cosan S.A. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Cosan

Several institutional investors and hedge funds have recently made changes to their positions in the business. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan in the second quarter worth $26,000. Blue Trust Inc. raised its stake in 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 purchasing an additional 3,059 shares during the last quarter. US Bancorp DE lifted its holdings in 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 purchasing an additional 4,646 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cosan during the 2nd quarter worth about $115,000. Finally, Signaturefd LLC raised its position in shares of Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 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.