Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
Other research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Jefferies Financial Group assumed coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They set a “buy” rating and a $183.00 price target on the stock. Finally, Weiss Ratings lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Buy” and a consensus price target of $183.00.
Get Our Latest Analysis on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.9%
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. As a group, sell-side analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 EPS for the current fiscal year.
Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
Institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock valued at $6,646,000 after acquiring an additional 958,808 shares in the last quarter. Paladin Wealth LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth $133,000. Hennion & Walsh Asset Management Inc. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $190,000. Gradient Investments LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 423.2% in the second quarter. Gradient Investments LLC now owns 985,027 shares of the utilities provider’s stock worth $5,693,000 after purchasing an additional 796,772 shares during the period. Finally, Balefire LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at $109,000. 10.62% of the stock is currently owned by institutional investors.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile
Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.
SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.
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