Analyst Coverage

COMPANY             ANALYST RECOMENDATION TARGET PRICE COSAN S/A LATEST UPDATE
BofA Merrill Lynch Isabella Simonato Outperform R$47.00 10/10/2017
Credit Suisse Andre Natal
Victor Seragiotto 
Outperform R$50.00 10/08/2017
Morgan Stanley Javier Cerdan
Roberto Browne
Equal-weight R$39.00 10/06/2017
JP Morgan Lucas Ferreira Equal-weight R$42.00 09/05/2017
Citi Pedro Medeiros
Fernanda Cunha
Outperform R$53.00 08/03/2017
Goldman Sachs Bruno Pascon Equal-weight R$42.00 07/21/2017
Bradesco Filipe Gouveia Outperform R$40.00 06/29/2017
UBS Luiz Carvalho
Julia Ozenda
Equal-weight R$44.00 05/31/2017
BTG Pactual Thiago Duarte
Vito Ferreira
Outperform R$51.00 02/02/2017
HSBC Alexandre Falcão Outperform R$47.00 11/09/2016
Santander Christian Audi
Gustavo Allevato
Outperform R$50.60 10/31/2016
Itaú BBA Antônio Barreto Outperform R$47.50 10/07/2016

MARKET CONSENSUS

Outperform 8
Equal-weight 4
Underperform 0

CONSENSUS TARGET PRICE COSAN S/A

Average Price R$46.09
Standard deviation 3.91
Higher R$53.00
Lower R$39.00
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