Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Several other research firms have also recently issued reports on SBS. Zacks Research cut 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. Weiss Ratings cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Moderate Buy” and an average price target of $183.00.

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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $5.32 on Friday. The stock has a market capitalization of $18.70 billion, a P/E ratio of 13.86, a P/E/G ratio of 4.52 and a beta of 0.68. The company’s fifty day moving average price is $5.59 and its 200 day moving average price is $79.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $4.00 and a 1 year high of $7.16.

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 analysts’ consensus estimates of $0.08 by ($0.06). 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%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Large investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% in the second quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock valued at $6,646,000 after purchasing an additional 958,808 shares during the last quarter. Paladin Wealth LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth $133,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at $190,000. Gradient Investments LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 423.2% in the 2nd quarter. Gradient Investments LLC now owns 985,027 shares of the utilities provider’s stock valued at $5,693,000 after buying an additional 796,772 shares in the last quarter. Finally, Balefire LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at $109,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

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.