Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Sees Unusually-High Trading Volume – What’s Next?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) shares saw strong trading volume on Wednesday . Approximately 4,346,676 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 7,155,943 shares.The stock last traded at $5.0460 and had previously closed at $4.87.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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

The business’s fifty day moving average is $5.35 and its 200 day moving average is $61.68. The firm has a market capitalization of $17.98 billion, a P/E ratio of 14.33, a P/E/G ratio of 4.10 and a beta of 0.67. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%.The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. VPR Management LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the 4th quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock worth $693,000 after acquiring an additional 376 shares during the period. Creative Planning increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the 3rd quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 386 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 406 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% in the fourth quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 491 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.5% during the fourth quarter. Vident Advisory LLC now owns 35,538 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 538 shares during the period. 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.