Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Reaches New 52-Week High – Still a Buy?

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) hit a new 52-week high on Friday . The stock traded as high as $18.95 and last traded at $18.68, with a volume of 1331945 shares changing hands. The stock had previously closed at $17.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st.

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

The stock has a market cap of $12.08 billion, a P/E ratio of 6.96 and a beta of 0.77. The stock has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $16.16. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. The business had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. Equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of large investors have recently made changes to their positions in SBS. Deutsche Bank AG grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.1% in the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider’s stock valued at $89,337,000 after acquiring an additional 2,213,846 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3,464.7% during the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider’s stock valued at $12,715,000 after purchasing an additional 862,376 shares in the last quarter. Northern Trust Corp grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 135.5% in the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock valued at $19,734,000 after purchasing an additional 792,330 shares during the period. Verde Servicos Internacionais S.A. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 603.1% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider’s stock worth $9,561,000 after purchasing an additional 572,308 shares in the last quarter. Finally, Amundi raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock worth $96,732,000 after buying an additional 426,669 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

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.