ValuEngine Lowers Companhia de Saneamento Bsc DEDSP (NYSE:SBS) to Hold

ValuEngine downgraded shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research cut Companhia de Saneamento Bsc DEDSP from a strong-buy rating to a sell rating and set a $13.00 target price on the stock. in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $13.00.

Shares of SBS traded down $0.71 during midday trading on Thursday, reaching $13.59. 72,997 shares of the stock were exchanged, compared to its average volume of 1,609,872. The firm has a 50-day simple moving average of $13.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 1.00. Companhia de Saneamento Bsc DEDSP has a twelve month low of $5.58 and a twelve month high of $14.60. The stock has a market cap of $9.77 billion, a P/E ratio of 12.38 and a beta of 0.94.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its earnings results on Thursday, May 9th. The utilities provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Companhia de Saneamento Bsc DEDSP had a return on equity of 14.83% and a net margin of 17.69%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. As a group, equities research analysts expect that Companhia de Saneamento Bsc DEDSP will post 1.13 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of SBS. Advisor Group Inc. increased its position in Companhia de Saneamento Bsc DEDSP by 103.2% in the 4th quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 4,599 shares during the period. Creative Planning increased its position in Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 1,091 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Companhia de Saneamento Bsc DEDSP by 31.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,280 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 3,200 shares during the period. Atlas Capital Advisors LLC increased its position in Companhia de Saneamento Bsc DEDSP by 106.6% in the 2nd quarter. Atlas Capital Advisors LLC now owns 16,516 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 8,521 shares during the period. Finally, Deltec Asset Management LLC increased its position in Companhia de Saneamento Bsc DEDSP by 34.2% in the 1st quarter. Deltec Asset Management LLC now owns 19,600 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 13.61% of the company’s stock.

Companhia de Saneamento Bsc DEDSP Company Profile

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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