Cosan (NYSE:CSAN – Get Rating) was upgraded by analysts at TheStreet from a "d+" rating to a "c-" rating in a research note issued on Monday, TheStreetRatingsTable reports.
Separately, The Goldman Sachs Group increased their target price on shares of 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 Stock Performance
Cosan stock opened at $15.76 on Monday. The company's fifty day simple moving average is $14.42 and its 200-day simple moving average is $16.26. Cosan has a 12 month low of $11.95 and a 12 month high of $20.97.
Institutional Investors Weigh In On CosanA number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Cosan by 78.7% during the second quarter. Millennium Management LLC now owns 27,131 shares of the company's stock valued at $377,000 after acquiring an additional 11,947 shares during the period. Virtu Financial LLC bought a new stake in Cosan during the second quarter valued at about $1,122,000. Martin Currie Ltd. boosted its holdings in Cosan by 3.0% during the second quarter. Martin Currie Ltd. now owns 2,286,917 shares of the company's stock valued at $31,788,000 after acquiring an additional 65,595 shares during the period. Clearbridge Investments LLC boosted its holdings in Cosan by 61.0% during the second quarter. Clearbridge Investments LLC now owns 98,346 shares of the company's stock valued at $1,367,000 after acquiring an additional 37,260 shares during the period. Finally, Optiver Holding B.V. bought a new stake in Cosan during the second quarter valued at about $3,823,000. 4.02% of the stock is currently owned by institutional investors.
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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