Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Reaches New 12-Month High – Time to Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $30.75 and last traded at $30.5520, with a volume of 595325 shares. The stock had previously closed at $29.43.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, March 17th. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group assumed coverage on shares of 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 objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Strong Buy” and a consensus price target of $36.60.

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

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $28.30 and a 200 day simple moving average of $25.93. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 5.70 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Saturday, February 14th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.64% and a return on equity of 15.76%. On average, sell-side analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

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

The firm also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be given a dividend of $0.4772 per share. This represents a 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 (DPR) is presently 4.57%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arax Advisory Partners acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $54,000. EverSource Wealth Advisors LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd 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 last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th 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.