Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Given Buy Rating at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) in a research note issued to investors on Friday morning, Stock Target Advisor reports. They currently have a $74.00 target price on the utilities provider’s stock.

Several other equities research analysts have also recently issued reports on SBS. ValuEngine raised Companhia de Saneamento Bsc DEDSP from a sell rating to a hold rating in a report on Friday, November 1st. Warburg Research reissued a neutral rating and set a $66.00 price objective on shares of Companhia de Saneamento Bsc DEDSP in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $51.00.

Shares of SBS stock traded down $0.42 during trading hours on Friday, hitting $12.86. The stock had a trading volume of 1,153,736 shares, compared to its average volume of 2,045,687. Companhia de Saneamento Bsc DEDSP has a one year low of $6.96 and a one year high of $14.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s 50-day moving average price is $12.46 and its two-hundred day moving average price is $12.39. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 11.80 and a beta of 0.95.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last issued its earnings results on Wednesday, August 21st. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). Companhia de Saneamento Bsc DEDSP had a return on equity of 15.95% and a net margin of 19.22%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $968.59 million. As a group, equities research analysts predict that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP increased its stake in Companhia de Saneamento Bsc DEDSP by 6.6% during the third quarter. First Trust Advisors LP now owns 737,066 shares of the utilities provider’s stock worth $8,756,000 after acquiring an additional 45,335 shares during the last quarter. Tibra Equities Europe Ltd purchased a new position in shares of Companhia de Saneamento Bsc DEDSP during the third quarter valued at approximately $219,000. Atlas Capital Advisors LLC boosted its position in shares of Companhia de Saneamento Bsc DEDSP by 19.5% during the third quarter. Atlas Capital Advisors LLC now owns 19,732 shares of the utilities provider’s stock valued at $234,000 after buying an additional 3,216 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Companhia de Saneamento Bsc DEDSP by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 84,625 shares of the utilities provider’s stock valued at $1,006,000 after buying an additional 1,000 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Companhia de Saneamento Bsc DEDSP by 1,463.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 346,874 shares of the utilities provider’s stock valued at $4,121,000 after buying an additional 324,694 shares during the period. 14.33% of the stock is currently owned by 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.

Further Reading: Investing in Blue-Chip Stocks

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

Receive News & Ratings for Companhia de Saneamento Bsc DEDSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Bsc DEDSP and related companies with MarketBeat.com's FREE daily email newsletter.