Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Sets New 1-Year High – Should You Buy?

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) reached a new 52-week high on Tuesday . The company traded as high as $21.03 and last traded at $20.92, with a volume of 899577 shares changing hands. The stock had previously closed at $20.67.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.6%

The firm’s fifty day moving average is $18.77 and its 200-day moving average is $16.84. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14.35 billion, a P/E ratio of 8.27 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%. As a group, equities research analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current year.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of hedge funds and other institutional investors have recently modified their holdings of SBS. Quilter Plc increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% in the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock valued at $14,971,000 after buying an additional 43,436 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth about $26,000. Perpetual Ltd raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.4% during the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider’s stock worth $10,088,000 after purchasing an additional 54,326 shares during the last quarter. Blue Trust Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 82.7% during the 4th quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider’s stock worth $559,000 after purchasing an additional 17,662 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 2,164 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.