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

ValuEngine cut shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) from a buy rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

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

Companhia de Saneamento Bsc DEDSP stock traded up $0.05 during midday trading on Thursday, reaching $14.30. 1,857,132 shares of the stock traded hands, compared to its average volume of 1,497,983. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $13.02. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 13.12 and a beta of 0.94. Companhia de Saneamento Bsc DEDSP has a fifty-two week low of $5.58 and a fifty-two week high of $14.60.

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

A number of institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in Companhia de Saneamento Bsc DEDSP by 23.4% during the 4th quarter. Deutsche Bank AG now owns 2,210,550 shares of the utilities provider’s stock valued at $17,838,000 after purchasing an additional 419,682 shares during the period. Millennium Management LLC boosted its stake in Companhia de Saneamento Bsc DEDSP by 16.6% during the 4th quarter. Millennium Management LLC now owns 1,386,601 shares of the utilities provider’s stock valued at $11,190,000 after purchasing an additional 197,733 shares during the period. Lazard Asset Management LLC boosted its stake in Companhia de Saneamento Bsc DEDSP by 143.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,350,562 shares of the utilities provider’s stock valued at $14,288,000 after purchasing an additional 795,553 shares during the period. Great West Life Assurance Co. Can boosted its stake in Companhia de Saneamento Bsc DEDSP by 30.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 950,163 shares of the utilities provider’s stock valued at $10,023,000 after purchasing an additional 222,232 shares during the period. Finally, Aperio Group LLC boosted its stake in Companhia de Saneamento Bsc DEDSP by 13.0% during the 2nd quarter. Aperio Group LLC now owns 748,682 shares of the utilities provider’s stock valued at $9,111,000 after purchasing an additional 85,911 shares during the period. 13.55% of the stock is owned by hedge funds and other institutional investors.

About Companhia de Saneamento Bsc DEDSP

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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