Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Downgraded by Zacks Research to “Hold”

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $5.25 on Tuesday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $3.79 and a 52 week high of $7.16. The company’s 50 day moving average price is $5.62 and its two-hundred day moving average price is $84.79. The company has a quick ratio of 1.73, a current ratio of 1.74 and a debt-to-equity ratio of 1.07. The stock has a market cap of $18.46 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.66 and a beta of 0.66.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. On average, equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 earnings per share for the current year.

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

Several large investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at $44,000. GAMMA Investing LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the second quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock worth $48,000 after buying an additional 6,769 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after buying an additional 1,666 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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.