Companhia de Saneamento Basico (SBS) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Companhia de Saneamento Basico (NYSE:SBS) from a sell rating to a strong sell rating in a research report released on Thursday morning.

Several other research firms have also recently weighed in on SBS. Scotiabank upgraded Companhia de Saneamento Basico from a sector perform rating to an outperform rating in a report on Tuesday, May 15th. Citigroup upgraded Companhia de Saneamento Basico from a sell rating to a neutral rating in a research note on Monday, May 14th. Janney Montgomery Scott cut Companhia de Saneamento Basico from a buy rating to a neutral rating in a research note on Monday, March 12th. Zacks Investment Research upgraded Companhia de Saneamento Basico from a sell rating to a hold rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase cut Companhia de Saneamento Basico from an overweight rating to a neutral rating in a research note on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Companhia de Saneamento Basico has a consensus rating of Hold.

Companhia de Saneamento Basico opened at $7.06 on Thursday, according to MarketBeat.com. Companhia de Saneamento Basico has a fifty-two week low of $6.98 and a fifty-two week high of $11.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 0.94. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 6.09 and a beta of 1.81.

Companhia de Saneamento Basico (NYSE:SBS) last released its quarterly earnings data on Tuesday, March 27th. The utilities provider reported $0.28 earnings per share for the quarter. Companhia de Saneamento Basico had a return on equity of 13.98% and a net margin of 16.48%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. research analysts expect that Companhia de Saneamento Basico will post 1.05 earnings per share for the current year.

The company also recently announced a special dividend, which will be paid on Friday, July 6th. Stockholders of record on Tuesday, May 1st will be paid a $0.3115 dividend. The ex-dividend date is Monday, April 30th. Companhia de Saneamento Basico’s payout ratio is presently 20.69%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lenox Wealth Management Inc. lifted its stake in shares of Companhia de Saneamento Basico by 32.7% in the 4th quarter. Lenox Wealth Management Inc. now owns 73,956 shares of the utilities provider’s stock valued at $773,000 after purchasing an additional 18,206 shares during the period. Lazard Asset Management LLC increased its position in Companhia de Saneamento Basico by 138.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,133,818 shares of the utilities provider’s stock valued at $11,848,000 after buying an additional 657,441 shares in the last quarter. Thomas White International Ltd. increased its position in Companhia de Saneamento Basico by 5.8% during the 4th quarter. Thomas White International Ltd. now owns 123,611 shares of the utilities provider’s stock valued at $1,292,000 after buying an additional 6,759 shares in the last quarter. Raymond James & Associates increased its position in Companhia de Saneamento Basico by 8.3% during the 4th quarter. Raymond James & Associates now owns 245,604 shares of the utilities provider’s stock valued at $2,567,000 after buying an additional 18,854 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new position in Companhia de Saneamento Basico during the 4th quarter valued at approximately $110,000. Institutional investors own 16.03% of the company’s stock.

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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