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Companhia de Saneamento Basico (NYSE:SBS)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Monday. They currently have a $11.00 target price on the stock. Zacks‘s target price would indicate a potential upside of 9.02% from the stock’s previous close.

Zacks’ analyst wrote, “SABESP reported a year over year decline of 3.7% in net income in first-quarter 2014. Earnings came in at $0.30 per American Depository Receipt (ADR). Revenues improved 5.6% driven by a 4.5% increase in billed water and sewage volumes. Water loss rate was 24.1% versus 25.5% in the year-ago quarter. SABESP aims to achieve a water loss ratio of 18% and new water and sewage connections of 1.3 million and 1.7 million respectively by 2020. For 2014-2018, SABESP has planned a capital expenditure of R$12.8 billion. Despite these positives, rising expenses, foreign currency translation risks, governmental interference and dependence on electricity as a source of energy may prove to be potential headwinds. Thus, currently we maintain our Neutral recommendation on SABESP.”

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Friday, May 16th.

Shares of Companhia de Saneamento Basico (NYSE:SBS) traded down 0.69% during mid-day trading on Monday, hitting $10.09. The stock had a trading volume of 1,551,415 shares. Companhia de Saneamento Basico has a 52 week low of $8.16 and a 52 week high of $13.84. The stock has a 50-day moving average of $9.60 and a 200-day moving average of $9.80. The company has a market cap of $6.897 billion and a price-to-earnings ratio of 8.10.

Companhia de Saneamento Basico (NYSE:SBS) last released its earnings data on Tuesday, April 1st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.86. Analysts expect that Companhia de Saneamento Basico will post $1.03 EPS for the current fiscal year.

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) is a Brazil-based company which provides basic and environmental sanitation services in the domestic market.

To view Zacks’ full report, visit Zacks’ official website.

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