Companhia de Saneamento Bsc DEDSP (SBS) Stock Rating Upgraded by ValuEngine

Share on StockTwits

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

Several other analysts also recently commented on the company. Citigroup downgraded Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. HSBC downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research raised Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold”.

Companhia de Saneamento Bsc DEDSP stock traded up $0.28 during mid-day trading on Wednesday, hitting $12.21. 2,296,379 shares of the company’s stock were exchanged, compared to its average volume of 2,656,903. Companhia de Saneamento Bsc DEDSP has a fifty-two week low of $5.58 and a fifty-two week high of $12.32. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last issued its quarterly earnings data on Friday, March 29th. The utilities provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.31. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a return on equity of 14.81% and a net margin of 17.40%. As a group, research analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 1.16 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of SBS. Creative Planning increased its holdings in Companhia de Saneamento Bsc DEDSP by 10.8% during the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 1,091 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Companhia de Saneamento Bsc DEDSP by 31.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,280 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 3,200 shares in the last quarter. ETRADE Capital Management LLC increased its holdings in Companhia de Saneamento Bsc DEDSP by 4.0% during the 4th quarter. ETRADE Capital Management LLC now owns 101,788 shares of the utilities provider’s stock worth $821,000 after purchasing an additional 3,956 shares in the last quarter. Advisor Group Inc. increased its holdings in Companhia de Saneamento Bsc DEDSP by 103.2% during the 4th quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 4,599 shares in the last quarter. Finally, Deltec Asset Management LLC increased its holdings in Companhia de Saneamento Bsc DEDSP by 34.2% during the 1st quarter. Deltec Asset Management LLC now owns 19,600 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 5,000 shares in the last quarter.

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.

Read More: What is Liquidity?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

Receive News & Ratings for Companhia de Saneamento Bsc DEDSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Bsc DEDSP and related companies with MarketBeat.com's FREE daily email newsletter.