Wall Street Zen Downgrades Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) to Hold

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also commented on SBS. 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. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Shares of SBS stock opened at $5.46 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $3.79 and a 1 year high of $7.16. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 1.07. The firm’s 50 day moving average is $5.61 and its 200-day moving average is $83.17. The firm has a market capitalization of $19.23 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 4.64 and a beta of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). 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%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. VPR Management LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 376 shares during the period. Creative Planning raised its holdings in 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 worth $775,000 after purchasing an additional 386 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth 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 position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the fourth quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 484 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock valued at $247,000 after buying an additional 491 shares during the period. 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.