Companhia de Saneamento Basico (NYSE:SBS) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts recently weighed in on SBS shares. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th. ValuEngine raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “sell” rating in a report on Monday, October 22nd.

Shares of SBS stock traded up $0.05 on Tuesday, reaching $7.49. The company’s stock had a trading volume of 6,140,670 shares, compared to its average volume of 2,803,758. Companhia de Saneamento Basico has a 1 year low of $5.58 and a 1 year high of $11.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.22. The firm has a market cap of $5.12 billion, a PE ratio of 7.20 and a beta of 1.58.

Companhia de Saneamento Basico (NYSE:SBS) last posted its earnings results on Thursday, August 9th. The utilities provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.17). Companhia de Saneamento Basico had a net margin of 15.55% and a return on equity of 13.02%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, equities analysts predict that Companhia de Saneamento Basico will post 0.82 EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Pinebridge Investments L.P. boosted its stake in Companhia de Saneamento Basico by 26.1% during the second quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock worth $312,000 after buying an additional 10,770 shares during the period. Bank of Montreal Can boosted its stake in Companhia de Saneamento Basico by 33.1% during the second quarter. Bank of Montreal Can now owns 186,210 shares of the utilities provider’s stock worth $1,119,000 after buying an additional 46,354 shares during the period. First Trust Advisors LP boosted its stake in Companhia de Saneamento Basico by 2.5% during the second quarter. First Trust Advisors LP now owns 536,810 shares of the utilities provider’s stock worth $3,226,000 after buying an additional 13,203 shares during the period. NumerixS Investment Technologies Inc boosted its stake in Companhia de Saneamento Basico by 350.0% during the second quarter. NumerixS Investment Technologies Inc now owns 62,100 shares of the utilities provider’s stock worth $363,000 after buying an additional 48,300 shares during the period. Finally, Millennium Management LLC boosted its stake in Companhia de Saneamento Basico by 120.9% during the second quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock worth $4,631,000 after buying an additional 421,638 shares during the period. 13.85% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Basico Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Analyst Recommendations for Companhia de Saneamento Basico (NYSE:SBS)

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