Cosan (NYSE:CSAN – Get Rating) had its target price raised by equities research analysts at The Goldman Sachs Group from $15.60 to $18.30 in a research note issued on Wednesday, Stock Target Advisor reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 11.59% from the company's previous close.
Separately, TheStreet cut Cosan from a "c-" rating to a "d+" rating in a report on Tuesday, July 12th.
Get Cosan alerts:Cosan Stock Performance
Shares of NYSE:CSAN traded up $0.57 during midday trading on Wednesday, hitting $16.40. 1,552 shares of the stock were exchanged, compared to its average volume of 164,814. The business's 50-day moving average price is $14.24 and its 200 day moving average price is $16.28. Cosan has a 12 month low of $11.95 and a 12 month high of $20.97.
Hedge Funds Weigh In On Cosan
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in shares of Cosan by 29.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,606 shares of the company's stock worth $56,000 after acquiring an additional 831 shares during the period. Quantbot Technologies LP acquired a new position in Cosan in the first quarter valued at approximately $116,000. SPX Equities Gestao de Recursos Ltda lifted its stake in Cosan by 38.1% in 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 period. WINTON GROUP Ltd acquired a new position in Cosan in the first quarter valued at approximately $211,000. Finally, Vanguard Group Inc. acquired a new position in Cosan in the first quarter valued at approximately $296,000. 3.71% of the stock is owned by institutional investors and hedge funds.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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