SABESP Announces Buyback Plan for 6.9 Million Shares

Companhia De Saneamento ( (SBS) ) has issued an update.

On May 12, 2025, SABESP’s Board of Directors approved a buyback plan to acquire up to 6,904,170 common shares, representing approximately 1% of the total outstanding shares. However, the plan has not yet commenced as the company is in the process of hiring financial institutions to act as intermediaries. The buyback will begin once these intermediaries are engaged and a new Material Fact is disclosed, indicating the completion of this engagement.

The most recent analyst rating on (SBS) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on Companhia De Saneamento stock, see the SBS Stock Forecast page.

Spark’s Take on SBS Stock

According to Spark, TipRanks’ AI Analyst, SBS is a Outperform.

Companhia De Saneamento’s overall stock score reflects strong financial performance and attractive valuation. The company’s robust revenue and profit growth demonstrate effective management and operational efficiency. The stock’s technical indicators show positive momentum, though caution is warranted due to overbought signals. The low P/E ratio suggests potential undervaluation, making it an appealing investment opportunity. However, the absence of current earnings call data and corporate events limits further insight into the company’s short-term prospects.

To see Spark’s full report on SBS stock, click here.

More about Companhia De Saneamento

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) operates in the basic sanitation industry, primarily providing water and sewage services in the State of São Paulo, Brazil. It focuses on maintaining and improving sanitation infrastructure to serve its market, which includes both urban and rural areas.

Average Trading Volume: 1,193,399

Technical Sentiment Signal: Buy

Current Market Cap: $13.83B

For a thorough assessment of SBS stock, go to TipRanks’ Stock Analysis page.