Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Raised to Hold at Zacks Research

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 1.7%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $27.79 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day moving average is $25.10 and its 200-day moving average is $23.84. The firm has a market capitalization of $19.56 billion, a PE ratio of 15.38, a P/E/G ratio of 4.16 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $15.70 and a fifty-two week high of $28.37.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.27. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. Sell-side analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SBS. Creative Planning boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after acquiring an additional 386 shares during the period. Sequoia Financial Advisors LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 406 shares in the last quarter. Signaturefd LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% in the 4th quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 484 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.5% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 21,678 shares of the utilities provider’s stock valued at $517,000 after purchasing an additional 536 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the 2nd quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

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.