Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Raised to “Strong-Buy” 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 “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group assumed coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $183.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Buy” and a consensus target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.9%

NYSE:SBS opened at $5.99 on Monday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $3.78 and a 1 year high of $7.16. The stock’s fifty day moving average price is $5.70 and its two-hundred day moving average price is $93.76. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.74 and a quick ratio of 1.73. The company has a market cap of $21.06 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.78 and a beta of 0.66.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. 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%. As a group, analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 EPS for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth $44,000. GAMMA Investing LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the second quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock worth $48,000 after buying an additional 6,769 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,666 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.