Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities analysts have also commented on the stock. Weiss Ratings lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Moderate Buy” and a consensus target price of $183.00.

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

Shares of NYSE SBS opened at $5.46 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.74 and a quick ratio of 1.73. The stock’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $83.41. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $3.79 and a one year high of $7.16. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.64 and a beta of 0.66.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.38% and a net margin of 24.25%. On average, equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 EPS for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% in the first quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock valued at $2,717,000 after purchasing an additional 118,237 shares in the last quarter. Cetera Investment Advisers grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 23.5% during the second quarter. Cetera Investment Advisers now owns 12,516 shares of the utilities provider’s stock worth $275,000 after buying an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 17.9% during the second quarter. JPMorgan Chase & Co. now owns 60,488 shares of the utilities provider’s stock worth $1,329,000 after buying an additional 9,169 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 18.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 50,001 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 7,755 shares during the period. Finally, Invesco Ltd. raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.6% in the 2nd quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider’s stock valued at $22,021,000 after buying an additional 184,486 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.