Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.47 and last traded at $23.44, with a volume of 188882 shares changing hands. The stock had previously closed at $23.11.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SBS. Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of "Strong Buy".
Read Our Latest Research Report on Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Performance
The stock has a market capitalization of $16.29 billion, a P/E ratio of 8.25 and a beta of 0.86. The company has a fifty day moving average of $21.14 and a two-hundred day moving average of $19.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26.
Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp
Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% in the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock worth $40,000 after acquiring an additional 1,394 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 552 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $44,000. EverSource Wealth Advisors LLC boosted its position 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 worth $51,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter valued at $54,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company Profile
(
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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.
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