Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Sabesp (NYSE:SBS) from "hold" to "buy," joining Jefferies and Weiss in bullish coverage; the stock has a MarketBeat consensus rating of "Buy" with an average target price of $915.00.
• Sabesp will implement a 5-for-1 stock split effective May 7; shares opened at $33.30, trade in a 52-week range of $18.88–$35.78, have a $23.43 billion market cap and reported quarterly EPS of $17.77 on $1.03 billion revenue with a 15.76% ROE.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

A number of other analysts also recently weighed in on SBS. Jefferies Financial Group began coverage on Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a report on Thursday, March 19th. They issued a "buy" rating and a $915.00 price objective for the company. Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday, March 17th. Finally, Zacks Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $915.00.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 1.0%

Shares of SBS opened at $33.30 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 52 week low of $18.88 and a 52 week high of $35.78. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 4.77 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average of $769.19 and a 200-day moving average of $683.58.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's stock is going to split on Thursday, May 7th. The 5-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Wednesday, May 6th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The utilities provider reported $17.77 earnings per share for the quarter. The business had revenue of $1.03 billion during the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 15.76% and a net margin of 23.64%. As a group, sell-side analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. VPR Management LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.3% in the 4th quarter. VPR Management LLC now owns 29,056 shares of the utilities provider's stock worth $693,000 after acquiring an additional 376 shares in the last quarter. Creative Planning grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.3% in the 3rd quarter. Creative Planning now owns 31,150 shares of the utilities provider's stock valued at $775,000 after buying an additional 386 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider's stock valued at $437,000 after buying an additional 406 shares during the period. Signaturefd LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.2% in the 4th quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider's stock valued at $233,000 after buying an additional 484 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider's stock valued at $247,000 after buying an additional 491 shares during the period. 10.62% of the stock is owned by institutional investors.

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.

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