Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Sabesp (NYSE:SBS) from “Hold” to “Buy,” while the broader analyst consensus remains “Moderate Buy” with a $183.00 target price.
• Sabesp’s latest quarterly results fell short of expectations, reporting $0.02 EPS versus the $0.08 consensus and revenue of $1.16 billion versus $1.28 billion expected.
• The stock opened at $5.32 and has traded between $4.00 and $7.16 over the past year; institutional investors own approximately 10.62% of the company.

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

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (a-)" rating to a "buy (b)" rating in a research report on Monday, May 11th. Zacks Research lowered shares of 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp currently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

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

SBS opened at $5.32 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a one year low of $4.00 and a one year high of $7.16. The stock's fifty day moving average is $5.59 and its 200-day moving average is $79.55. The company has a market capitalization of $18.70 billion, a PE ratio of 13.86, a P/E/G ratio of 4.52 and a beta of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 16.38% and a net margin of 24.25%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBS. Arax Advisory Partners acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth approximately $54,000. EverSource Wealth Advisors LLC increased its position in shares of 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 worth $51,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth approximately $86,000. 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.

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