Companhia de Saneamento Basico (SBS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Companhia de Saneamento Basico (NYSE:SBS) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company.

A number of brokerages have commented on SBS. JPMorgan Chase & Co. raised shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a report on Monday, November 27th. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. HSBC raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. ValuEngine raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, UBS Group cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd.

Companhia de Saneamento Basico (NYSE SBS) opened at $10.70 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Companhia de Saneamento Basico has a twelve month low of $8.15 and a twelve month high of $11.69. The firm has a market cap of $7,183.69, a P/E ratio of 8.23 and a beta of 1.86.

Companhia de Saneamento Basico (NYSE:SBS) last released its quarterly earnings data on Tuesday, November 14th. The utilities provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.16. Companhia de Saneamento Basico had a net margin of 19.70% and a return on equity of 17.82%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. analysts anticipate that Companhia de Saneamento Basico will post 1.12 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SBS. Windacre Partnership LLC increased its holdings in Companhia de Saneamento Basico by 36.1% during the third quarter. Windacre Partnership LLC now owns 12,509,300 shares of the utilities provider’s stock valued at $130,847,000 after buying an additional 3,321,300 shares during the last quarter. King Street Capital Management L.P. bought a new position in shares of Companhia de Saneamento Basico in the third quarter worth approximately $31,380,000. Brookfield Asset Management Inc. boosted its position in shares of Companhia de Saneamento Basico by 40.7% in the second quarter. Brookfield Asset Management Inc. now owns 6,193,655 shares of the utilities provider’s stock worth $58,964,000 after purchasing an additional 1,791,635 shares during the period. Impax Asset Management LTD boosted its position in shares of Companhia de Saneamento Basico by 19.0% in the fourth quarter. Impax Asset Management LTD now owns 10,524,302 shares of the utilities provider’s stock worth $109,979,000 after purchasing an additional 1,679,559 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Companhia de Saneamento Basico in the second quarter worth approximately $12,385,000. 15.80% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/14/companhia-de-saneamento-basico-sbs-receives-average-recommendation-of-hold-from-brokerages.html.

About Companhia de Saneamento Basico

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

Analyst Recommendations for Companhia de Saneamento Basico (NYSE:SBS)

Receive News & Ratings for Companhia de Saneamento Basico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Basico and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply