Companhia de Saneamento Bsc DEDSP (SBS) Given Consensus Rating of “Hold” by Brokerages

Shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. HSBC downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Citigroup downgraded shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a report on Wednesday, January 16th. Janney Montgomery Scott downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Finally, Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a report on Monday, February 18th.

Several institutional investors and hedge funds have recently bought and sold shares of SBS. James Investment Research Inc. purchased a new position in shares of Companhia de Saneamento Bsc DEDSP in the fourth quarter worth approximately $48,000. Atlas Capital Advisors LLC purchased a new position in shares of Companhia de Saneamento Bsc DEDSP in the fourth quarter worth approximately $65,000. Quadrant Capital Group LLC boosted its holdings in shares of Companhia de Saneamento Bsc DEDSP by 314.0% in the fourth quarter. Quadrant Capital Group LLC now owns 9,178 shares of the utilities provider’s stock worth $72,000 after buying an additional 6,961 shares during the last quarter. Advisor Group Inc. lifted its holdings in Companhia de Saneamento Bsc DEDSP by 103.2% during the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 4,599 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new position in Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at approximately $88,000.

Shares of SBS stock traded up $0.11 during trading hours on Tuesday, reaching $10.46. The company had a trading volume of 1,416,519 shares, compared to its average volume of 2,635,302. Companhia de Saneamento Bsc DEDSP has a one year low of $5.58 and a one year high of $12.25. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Companhia de Saneamento Bsc DEDSP had a net margin of 17.40% and a return on equity of 14.81%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, sell-side analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 1.16 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, May 1st will be issued a $0.2999 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s payout ratio is 20.18%.

Companhia de Saneamento Bsc DEDSP 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 Bsc DEDSP (NYSE:SBS)

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