Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 52-Week Low – Here’s Why

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price reached a new 52-week low on Monday . The stock traded as low as $33.74 and last traded at $33.6480, with a volume of 8673 shares trading hands. The stock had previously closed at $166.45.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SBS shares. Wall Street Zen raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group started coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They set a “buy” rating and a $915.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Buy” and a consensus target price of $915.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

The company has a 50-day moving average of $769.19 and a two-hundred day moving average of $685.19. The stock has a market capitalization of $23.55 billion, a PE ratio of 15.34, a P/E/G ratio of 4.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 1.12.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp are set to split on the morning of Thursday, May 7th. The 5-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, May 6th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Saturday, February 14th. The utilities provider reported $17.77 earnings per share for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.76% and a net margin of 23.64%.The firm had revenue of $1.03 billion for the quarter. Sell-side analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.03 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Investors of record on Friday, March 27th will be given a $0.4772 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a dividend yield of 55.0%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 4.57%.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Hedge funds have recently modified their holdings of the stock. Arax Advisory Partners acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth approximately $44,000. EverSource Wealth Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,666 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth approximately $54,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth approximately $86,000. 10.62% of the stock is owned by institutional investors and hedge funds.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.