Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Upgraded by Zacks Research to Strong-Buy Rating

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

A number of other brokerages also recently commented on SBS. Wall Street Zen raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Jefferies Financial Group started coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Thursday, March 19th. They issued a “buy” rating and a $183.00 target price for the company. Finally, Weiss Ratings lowered 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. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.9%

SBS stock opened at $5.99 on Monday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $3.78 and a 52 week high of $7.16. The company has a quick ratio of 1.73, a current ratio of 1.74 and a debt-to-equity ratio of 1.07. The firm has a 50-day simple moving average of $5.70 and a 200-day simple moving average of $93.76. The stock has a market capitalization of $21.06 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.78 and a beta of 0.66.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. Equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 earnings per share for the current fiscal year.

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

Several institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at $1,016,000. Boston Common Asset Management LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $5,163,000. Assetmark Inc. raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.8% during the 4th quarter. Assetmark Inc. now owns 985,400 shares of the utilities provider’s stock worth $23,502,000 after acquiring an additional 36,240 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 13.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,050,226 shares of the utilities provider’s stock valued at $25,048,000 after acquiring an additional 121,161 shares during the last quarter. Finally, Whittier Trust Co. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at $550,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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.