Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) to a strong-buy rating in a research note published on Sunday, Zacks.com reports.

Separately, StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a buy rating to a hold rating in a research note on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 2.3 %

NYSE SBS opened at $15.95 on Friday. The firm’s 50-day moving average is $17.01 and its two-hundred day moving average is $15.80. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $11.46 and a 12 month high of $18.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The stock has a market capitalization of $10.90 billion, a P/E ratio of 15.05 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. The company had revenue of $1.30 billion for the quarter. On average, sell-side analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of hedge funds have recently modified their holdings of SBS. Summit Securities Group LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $95,000. Point72 Asia Singapore Pte. Ltd. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after buying an additional 3,324 shares during the last quarter. First Affirmative Financial Network grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after buying an additional 1,069 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $155,000. Finally, Atomi Financial Group Inc. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at $176,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.