Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 1-Year High – Still a Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.29 and last traded at $25.22, with a volume of 94724 shares traded. The stock had previously closed at $24.73.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBS. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.8%

The firm has a market capitalization of $17.58 billion, a PE ratio of 8.90 and a beta of 0.82. The stock’s 50-day moving average price is $23.85 and its 200 day moving average price is $21.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock worth $582,000 after acquiring an additional 543 shares during the last quarter. GAMMA Investing LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 552 shares in the last quarter. Yousif Capital Management LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% during the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 565 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,837 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 616 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% during the 2nd quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 715 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

About Companhia de saneamento Basico Do Estado De Sao 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.