SABESP Appoints Ernst & Young as New Auditor

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

On May 12, 2025, SABESP’s Board of Directors approved the hiring of Ernst & Young Auditores Independentes S/S Ltda. as the new independent auditing firm for the company’s financial statements, replacing BDO RCS Auditores Independentes. This strategic move aims to streamline auditing processes and align with the services provided to SABESP’s reference investor. The transition to EY will begin with the review of the financial information for the quarter ending June 30, 2025, with the decision supported by the Audit Committee and consented by BDO.

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, also known as SABESP, operates in the basic sanitation industry in Brazil. The company provides water and sewage services, primarily focusing on the state of São Paulo.

Average Trading Volume: 1,185,078

Technical Sentiment Signal: Buy

Current Market Cap: $14.45B

For an in-depth examination of SBS stock, go to TipRanks’ Stock Analysis page.