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

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.14 and last traded at $21.06, with a volume of 699930 shares. The stock had previously closed at $20.66.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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 Stock Up 1.8%

The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $19.10 and a two-hundred day simple moving average of $17.01. The firm has a market capitalization of $14.37 billion, a P/E ratio of 8.28 and a beta of 0.81.

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

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

Several large investors have recently made changes to their positions in SBS. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at $26,000. Brooklyn Investment Group grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 166.0% in the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock worth $40,000 after buying an additional 1,394 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 1st quarter valued at about $44,000. Headlands Technologies LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 1st quarter valued at about $54,000. Finally, J.Safra Asset Management Corp bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $54,000. 10.62% of the stock is owned by institutional investors.

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.