Companhia de Saneamento Basico (SBS) Given Consensus Recommendation of “Hold” by Analysts

Companhia de Saneamento Basico (NYSE:SBS) has earned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company.

Separately, Zacks Investment Research raised Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th.

Institutional investors have recently made changes to their positions in the stock. Tortoise Index Solutions LLC bought a new position in Companhia de Saneamento Basico in the 2nd quarter worth $100,000. Segall Bryant & Hamill LLC bought a new position in Companhia de Saneamento Basico in the 2nd quarter worth $174,000. Commerzbank Aktiengesellschaft FI raised its holdings in Companhia de Saneamento Basico by 145.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 43,922 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 26,011 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Companhia de Saneamento Basico in the 2nd quarter worth $268,000. Finally, Pinebridge Investments L.P. raised its holdings in Companhia de Saneamento Basico by 26.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 10,770 shares during the period. 13.78% of the stock is currently owned by institutional investors.

NYSE SBS opened at $6.10 on Friday. Companhia de Saneamento Basico has a 1-year low of $5.58 and a 1-year high of $11.96. The firm has a market cap of $4.08 billion, a PE ratio of 5.26 and a beta of 1.63. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 0.62.

Companhia de Saneamento Basico (NYSE:SBS) last announced its earnings results on Thursday, August 9th. The utilities provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.17). Companhia de Saneamento Basico had a return on equity of 13.02% and a net margin of 15.55%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. analysts forecast that Companhia de Saneamento Basico will post 0.82 EPS for the current fiscal year.

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

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