Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Raised to Overweight at JPMorgan Chase & Co.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other equities analysts have also issued research reports about the company. Goldman Sachs Group assumed coverage on Companhia de Saneamento Bsc DEDSP in a report on Thursday, November 14th. They issued a “neutral” rating on the stock. ValuEngine downgraded Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Companhia de Saneamento Bsc DEDSP presently has an average rating of “Hold” and a consensus price target of $13.00.

NYSE SBS opened at $13.56 on Monday. Companhia de Saneamento Bsc DEDSP has a 52 week low of $7.09 and a 52 week high of $14.60. The firm has a 50 day moving average of $12.89 and a two-hundred day moving average of $12.56. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $9.15 billion, a PE ratio of 12.44 and a beta of 0.95.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last released its quarterly earnings data on Thursday, November 14th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.23. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 21.03% and a return on equity of 18.42%. On average, equities research analysts expect that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in SBS. Tower Research Capital LLC TRC increased its stake in Companhia de Saneamento Bsc DEDSP by 11.2% in the second quarter. Tower Research Capital LLC TRC now owns 9,796 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 987 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Companhia de Saneamento Bsc DEDSP by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 84,625 shares of the utilities provider’s stock worth $1,006,000 after buying an additional 1,000 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Companhia de Saneamento Bsc DEDSP by 57.4% in the 3rd quarter. Pacer Advisors Inc. now owns 3,572 shares of the utilities provider’s stock valued at $42,000 after buying an additional 1,303 shares in the last quarter. Strategic Global Advisors LLC boosted its holdings in shares of Companhia de Saneamento Bsc DEDSP by 0.8% in the 2nd quarter. Strategic Global Advisors LLC now owns 195,129 shares of the utilities provider’s stock valued at $2,375,000 after buying an additional 1,593 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in shares of Companhia de Saneamento Bsc DEDSP in the 3rd quarter valued at $30,000. 12.98% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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