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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) hit a new 52-week high during mid-day trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SBS shares. 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 report on Wednesday, March 11th. Jefferies Financial Group initiated coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Thursday, March 19th. They set a “buy” rating and a $36.60 price objective on the stock. Finally, 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. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Strong Buy” and an average target price of $36.60.

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

The company has a market cap of $21.27 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 6.04 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average price of $28.54 and a two-hundred day moving average price of $26.01.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Saturday, February 14th. The utilities provider reported $0.71 EPS for the quarter. The business had revenue of $1.03 billion during 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%. As a group, equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS 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. Stockholders of record on Friday, March 27th will be paid a $0.4772 dividend. The ex-dividend date is Friday, March 27th. This represents a dividend yield of 55.0%. 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

Several institutional investors have recently made changes to their positions in SBS. VPR Management LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% in the fourth quarter. VPR Management LLC now owns 29,056 shares of the utilities provider’s stock valued at $693,000 after acquiring an additional 376 shares during the period. Creative Planning boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.3% during the third quarter. Creative Planning now owns 31,150 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 386 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 18,343 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 406 shares in the last quarter. Signaturefd LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% in the 4th quarter. Signaturefd LLC now owns 9,750 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 484 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 10,344 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 491 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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.