Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Coverage Initiated by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $36.60 price target on the utilities provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 29.99% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Strong Buy” and an average price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 2.1%

Shares of SBS stock opened at $28.16 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $16.52 and a twelve month high of $30.63. The company’s 50-day moving average price is $27.41 and its 200-day moving average price is $25.56. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 5.61 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Tuesday, March 17th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.83% and a net margin of 23.64%. As a group, equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Hedge funds have recently made changes to their positions in the company. Manning & Napier Advisors LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after buying an additional 2,522,231 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $37,053,000. Bank of America Corp DE boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after purchasing an additional 1,116,681 shares during the period. Wellington Management Group LLP purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth $27,444,000. Finally, Perpetual Ltd increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% in the third quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock valued at $42,792,000 after purchasing an additional 925,684 shares during the period. 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.