JPMorgan Chase & Co. upgraded shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) from a neutral rating to an overweight rating in a research note issued to investors on Monday, The Fly reports.

Several other research analysts also recently commented on SBS. Goldman Sachs Group assumed coverage on Companhia de Saneamento Bsc DEDSP in a research note on Thursday, November 14th. They set a neutral rating for the company. ValuEngine cut Companhia de Saneamento Bsc DEDSP from a hold rating to a sell rating in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Companhia de Saneamento Bsc DEDSP presently has a consensus rating of Hold and a consensus price target of $13.00.

Shares of NYSE:SBS opened at $13.62 on Monday. Companhia de Saneamento Bsc DEDSP has a 52-week low of $7.09 and a 52-week high of $14.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $9.15 billion, a P/E ratio of 12.50 and a beta of 0.95. The company has a 50-day simple moving average of $12.86 and a 200 day simple moving average of $12.54.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings results on Thursday, November 14th. The utilities provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1 billion. Companhia de Saneamento Bsc DEDSP had a return on equity of 18.42% and a net margin of 21.03%. As a group, equities analysts forecast that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SBS. Pacer Advisors Inc. bought a new stake in shares of Companhia de Saneamento Bsc DEDSP during the 2nd quarter worth about $28,000. Gradient Investments LLC bought a new position in Companhia de Saneamento Bsc DEDSP in the 3rd quarter valued at about $30,000. Quantum Capital Management acquired a new stake in Companhia de Saneamento Bsc DEDSP during the third quarter worth approximately $72,000. Advisor Group Inc. boosted its holdings in shares of Companhia de Saneamento Bsc DEDSP by 41.2% during the second quarter. Advisor Group Inc. now owns 9,592 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 2,798 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Companhia de Saneamento Bsc DEDSP by 11.2% during the second quarter. Tower Research Capital LLC TRC now owns 9,796 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 987 shares during the period. Institutional investors own 12.98% of the company’s stock.

About Companhia de Saneamento Bsc DEDSP

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 Bsc DEDSP (NYSE:SBS)

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