Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : Currently there are 2 street experts covering Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) stock. The most bullish and bearish price target for the stock is $10 and $9 respectively for the short term. The average price target of all the analysts comes to $9.42. The estimated standard deviation from the target is $0.83.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) : The consensus on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) based on 3 analyst recommendation on the company stock is 3.67, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Also, In the latest statement by the brokerage house, Janney Capital downgrades its outlook on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 3, 2016.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS): The stock opened at $9.03 on Thursday but the bulls could not build on the opening and the stock topped out at $9.03 for the day. The stock traded down to $8.83 during the day, due to lack of any buying support eventually closed down at $8.92 with a loss of -1.44% for the day. The stock had closed at $9.05 on the previous day. The total traded volume was 1,526,486 shares.
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services. It operates water and sewage services in approximately 364 municipalities of the State of Sao Paulo. Most of these municipalities operations are based on 30-year concession, program and services contracts. The Company also provides advisory services on the rational use of water, planning and commercial management, financial and operating issues. The Company is qualified to provide urban rainwater drainage and urban cleaning services, handle solid waste, sell power, perform other services, provide products and obtain benefits and rights that directly or indirectly result from its assets, operations and activities, in Brazil or abroad.