Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 52-Week High – Should You Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.77 and last traded at $34.6450, with a volume of 279832 shares traded. The stock had previously closed at $33.85.

Analysts Set New Price Targets

SBS has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $36.60 price target for 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 research note on Monday, April 13th. Finally, Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $36.60.

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

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $24.90 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 5.42 and a beta of 0.75. The company has a fifty day moving average price of $30.10 and a two-hundred day moving average price of $26.87.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s stock is going to split on Thursday, May 7th. The 5-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, May 6th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.71 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 business had revenue of $1.03 billion during the quarter. As a group, equities research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 1.88 EPS for the current year.

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

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

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds have recently bought and sold shares of SBS. Arax Advisory Partners purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,666 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at 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 during the fourth quarter valued at approximately $86,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

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.