Stock Rating Upgrade
The Value Trend Rating for Companhia de Saneamento Basico d (NYSE: SBS) rose significantly in recent days from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Companhia de Saneamento Basico d (NYSE: SBS) stock rose modestly by 0.9% on 4/26/24. The stock closed at $16.00. However, trading volume in this advance was unusually low at 52% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
SBS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Companhia de Saneamento Basico d has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Companhia de Saneamento Basico d has a good Appreciation Score of 80 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
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