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

Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) from a buy rating to a hold rating in a research report released on Monday.

SBS has been the subject of a number of other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Friday, August 7th. 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 note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently 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 Stock Performance

NYSE SBS opened at $4.58 on Monday. The stock has a market cap of $16.13 billion, a P/E ratio of 12.86, a PEG ratio of 3.87 and a beta of 0.68. The company’s 50-day simple moving average is $5.49 and its 200 day simple moving average is $72.23. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $4.19 and a twelve month high of $7.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%. As a group, research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several institutional investors have recently added to or reduced their stakes in SBS. Bank of America Corp DE grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after buying an additional 1,116,681 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% in the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock valued at $64,716,000 after acquiring an additional 1,756,304 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the 4th quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock worth $52,072,000 after acquiring an additional 48,214 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock worth $49,966,000 after acquiring an additional 48,587 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 61.9% in the 4th quarter. Wellington Management Group LLP now owns 1,785,307 shares of the utilities provider’s stock worth $42,580,000 after acquiring an additional 682,699 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

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.