Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Companhia de Saneamento Basico d (NYSE: SBS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Companhia de Saneamento Basico d (NYSE: SBS) stock closed at $15.88 on 1/12/24 after an increase of 1.3%. However, unusually low trading volume at 65% of normal accompanied the advance. The stock has risen 7.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Companhia de Saneamento Basico d has a slightly negative Appreciation Score of 33 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.
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