The Goldman Sachs Group Cuts Cosan (NYSE:CSAN) Price Target to $14.80

Cosan (NYSE:CSAN – Get Rating) had its target price decreased by The Goldman Sachs Group from $16.80 to $14.80 in a report released on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Cosan Trading Down 5.2 %

Shares of NYSE:CSAN opened at $10.87 on Monday. The firm has a fifty day moving average of $12.33 and a 200 day moving average of $12.95. Cosan has a 52-week low of $10.86 and a 52-week high of $20.97.

Hedge Funds Weigh In On Cosan

Large investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. boosted its stake in Cosan by 302.9% in the third quarter. Itau Unibanco Holding S.A. now owns 1,868,982 shares of the company’s stock worth $24,072,000 after buying an additional 1,405,077 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cosan by 27.7% in the 1st quarter. Bank of America Corp DE now owns 797,696 shares of the company’s stock valued at $15,794,000 after purchasing an additional 173,208 shares in the last quarter. Norges Bank bought a new position in shares of Cosan during the 4th quarter valued at $1,697,000. Jane Street Group LLC raised its position in Cosan by 73.4% in the 1st quarter. Jane Street Group LLC now owns 244,085 shares of the company’s stock worth $4,833,000 after purchasing an additional 103,350 shares during the period. Finally, Virtu Financial LLC bought a new stake in Cosan in the second quarter worth $1,122,000. 3.90% of the stock is owned by hedge funds and other institutional investors.

About Cosan

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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.