Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

SBS stock opened at $26.67 on Tuesday. The company has a market capitalization of $18.23 billion, a PE ratio of 14.34, a P/E/G ratio of 5.64 and a beta of 0.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $24.87 and its two-hundred day moving average is $22.53. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $13.87 and a 52-week high of $27.12.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $1.07 billion. Analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Creative Planning lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% in the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock valued at $582,000 after acquiring an additional 543 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 552 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% during the second quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 565 shares during the period. Finally, US Bancorp DE raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.2% during the third quarter. US Bancorp DE now owns 20,029 shares of the utilities provider’s stock worth $499,000 after purchasing an additional 612 shares in the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.