Goldman Sachs Holds Firm on Cosan S.A., Despite Revenue Growth
Goldman Sachs analyst Bruno Amorim maintained his Hold rating on Cosan S.A., an energy company listed as CSAN3. This decision was made public on September 3rd, when shares closed at BRL3.79. Amorim's expertise lies in the Energy sector, with a focus on companies such as Ultrapar Participacoes SA, Vista Energy SAB de CV, and Petroleo Brasileiro SA- Petrobras.
TipRanks highlights that Amorim boasts an impressive track record of success among his recommendations, boasting an average return of 11.4% and a 62.50% success rate. Cosan S.A.'s analyst consensus echoes this sentiment, with a Hold rating and a price target consensus of BRL4.50.
The company's latest earnings report, released for the quarter ending June 30th, showed revenue reaching BRL10.78 billion. However, it also reported a GAAP net loss of BRL320.5 million, compared to last year's BRL946.04 million net loss on revenues of BRL10.48 billion.