Companhia de Saneamento Basico (SBS) Receives Consensus Recommendation of “Hold” from Brokerages

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Companhia de Saneamento Basico (NYSE:SBS) has received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company.

A number of analysts recently weighed in on SBS shares. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a research report on Monday, May 14th. Citigroup raised shares of Companhia de Saneamento Basico from a “sell” rating to a “neutral” rating in a research report on Monday, May 14th. Scotiabank raised shares of Companhia de Saneamento Basico from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 15th. Goldman Sachs Group cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research report on Friday, May 18th. Finally, ValuEngine cut shares of Companhia de Saneamento Basico from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 17th.

Shares of NYSE SBS traded down $0.06 during trading on Monday, hitting $5.79. 77,010 shares of the company traded hands, compared to its average volume of 1,093,756. Companhia de Saneamento Basico has a 1 year low of $5.71 and a 1 year high of $11.96. The stock has a market capitalization of $4.11 billion, a PE ratio of 5.05 and a beta of 1.63. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.59.

Companhia de Saneamento Basico (NYSE:SBS) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.17). Companhia de Saneamento Basico had a net margin of 15.55% and a return on equity of 12.76%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. equities research analysts expect that Companhia de Saneamento Basico will post 0.82 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tortoise Index Solutions LLC bought a new position in shares of Companhia de Saneamento Basico in the second quarter valued at approximately $100,000. Segall Bryant & Hamill LLC bought a new position in shares of Companhia de Saneamento Basico in the second quarter valued at approximately $174,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Companhia de Saneamento Basico by 145.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 43,922 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 26,011 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Companhia de Saneamento Basico in the second quarter valued at approximately $268,000. Finally, Pinebridge Investments L.P. boosted its holdings in shares of Companhia de Saneamento Basico by 26.1% in the second quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 10,770 shares in the last quarter. Hedge funds and other institutional investors own 13.79% of the company’s stock.

About Companhia de Saneamento Basico

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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