Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Now Covered by Analysts at Goldman Sachs Group

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Goldman Sachs Group initiated coverage on shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) in a research report sent to investors on Thursday morning, The Fly reports. The brokerage issued a neutral rating on the utilities provider’s stock.

Several other research firms also recently issued reports on SBS. Deutsche Bank reaffirmed a buy rating and issued a $74.00 price objective on shares of Companhia de Saneamento Bsc DEDSP in a research note on Friday, November 8th. Warburg Research reaffirmed a neutral rating and issued a $66.00 price objective on shares of Companhia de Saneamento Bsc DEDSP in a research note on Monday, October 21st. Finally, ValuEngine raised Companhia de Saneamento Bsc DEDSP from a sell rating to a hold rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $51.00.

Shares of SBS stock traded up $0.52 on Thursday, reaching $12.72. The company had a trading volume of 826,421 shares, compared to its average volume of 1,325,328. The stock has a market capitalization of $8.34 billion, a PE ratio of 11.67 and a beta of 0.95. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Bsc DEDSP has a one year low of $6.96 and a one year high of $14.60. The business’s 50-day moving average is $12.56 and its 200 day moving average is $12.44.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its earnings results on Wednesday, August 21st. The utilities provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $968.59 million. Companhia de Saneamento Bsc DEDSP had a return on equity of 15.95% and a net margin of 19.22%. On average, sell-side analysts forecast that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in shares of Companhia de Saneamento Bsc DEDSP in the second quarter valued at approximately $28,000. Gradient Investments LLC acquired a new position in shares of Companhia de Saneamento Bsc DEDSP in the third quarter valued at approximately $30,000. Advisor Group Inc. increased its stake in shares of Companhia de Saneamento Bsc DEDSP by 41.2% in the second quarter. Advisor Group Inc. now owns 9,592 shares of the utilities provider’s stock valued at $118,000 after buying an additional 2,798 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Companhia de Saneamento Bsc DEDSP by 11.2% in the second quarter. Tower Research Capital LLC TRC now owns 9,796 shares of the utilities provider’s stock valued at $119,000 after buying an additional 987 shares during the period. Finally, Walleye Trading LLC acquired a new stake in Companhia de Saneamento Bsc DEDSP during the 2nd quarter valued at approximately $131,000. 14.23% of the stock is owned by institutional investors.

About Companhia de Saneamento Bsc DEDSP

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 Bsc DEDSP (NYSE:SBS)

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