Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Hits New 12-Month High – Should You Buy?

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) hit a new 52-week high during trading on Monday . The company traded as high as $21.14 and last traded at $20.95, with a volume of 282817 shares trading hands. The stock had previously closed at $20.82.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

The business’s 50 day moving average is $19.90 and its two-hundred day moving average is $17.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market capitalization of $14.39 billion, a PE ratio of 8.29 and a beta of 0.72.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). 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%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $7.67 billion. Equities research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of institutional investors and hedge funds have recently made changes to their positions in SBS. Rhumbline Advisers raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% in the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider’s stock valued at $1,797,000 after acquiring an additional 1,165 shares in the last quarter. Nkcfo LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 216.7% in the fourth quarter. Nkcfo LLC now owns 19,000 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 13,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $242,000. Metis Global Partners LLC grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 4th quarter. Metis Global Partners LLC now owns 18,930 shares of the utilities provider’s stock worth $271,000 after buying an additional 4,773 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.