TheStreet cut shares of Cosan (NYSE:CSAN – Get Rating) from a c- rating to a d+ rating in a report released on Wednesday morning, TheStreetRatingsTable reports.
Separately, The Goldman Sachs Group lifted their price objective on Cosan from $15.60 to $18.30 and gave the stock a neutral rating in a research report on Wednesday, August 24th.
Get Cosan alerts:Cosan Trading Up 0.9 %
Shares of CSAN stock opened at $12.88 on Wednesday. Cosan has a fifty-two week low of $11.95 and a fifty-two week high of $20.97. The business's 50 day moving average price is $14.83 and its 200-day moving average price is $15.81.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Cosan in the 1st quarter valued at approximately $116,000. SPX Equities Gestao de Recursos Ltda raised its stake in Cosan by 38.1% during the first quarter. SPX Equities Gestao de Recursos Ltda now owns 7,704 shares of the company's stock valued at $153,000 after buying an additional 2,127 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Cosan during the first quarter valued at $211,000. Vanguard Group Inc. purchased a new position in Cosan during the first quarter valued at $296,000. Finally, Goldman Sachs Group Inc. purchased a new position in Cosan during the first quarter valued at $343,000. Hedge funds and other institutional investors own 4.02% of the company's stock.Cosan Company Profile
(Get Rating)
Cosan SA, through its subsidiaries, primarily engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas.
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