Stock Rating Upgrade
In the last week the Value Trend Rating for Companhia de Saneamento Basico d (NYSE: SBS) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Companhia de Saneamento Basico d (NYSE: SBS) stock declined modestly by -1.2% on 3/18/24. The stock closed at $15.07. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% during the last week.
Current PriceTarget Research Rating
SBS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Companhia de Saneamento Basico d has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Companhia de Saneamento Basico d has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
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