Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Sets New 12-Month Low - Time to Sell?

Key Points

• Shares of Companhia de Saneamento Básico do Estado de São Paulo (SABESP) hit a new 52‑week low, trading as low as $33.74 and last at $33.6480 versus a prior close of $166.45.
• The company announced a 5‑for‑1 stock split effective the morning of May 7, with newly created shares distributed after the market close on May 6.
• Analysts’ consensus on MarketBeat is an average Buy rating with an average price target of $915, though recent notes are mixed (e.g., Jefferies: Buy, $915 PT; Zacks: downgraded to Hold).

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $33.74 and last traded at $33.6480, with a volume of 8673 shares traded. The stock had previously closed at $166.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. 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 set a "buy" rating and a $915.00 price target 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 note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $915.00.

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

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 firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 4.73 and a beta of 0.74. The stock's 50 day moving average price is $769.19 and its two-hundred day moving average price is $685.19.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp are going to split on the morning of Thursday, May 7th. The 5-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Wednesday, May 6th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its earnings results on Saturday, February 14th. The utilities provider reported $17.77 earnings per share 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%. The firm had revenue of $1.03 billion during the quarter. On average, analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.03 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's dividend payout ratio (DPR) is 4.57%.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider's stock valued at $69,251,000 after acquiring an additional 1,116,681 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 444.8% during the 3rd quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider's stock valued at $76,892,000 after acquiring an additional 2,522,231 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.3% during the 4th quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider's stock valued at $52,072,000 after acquiring an additional 48,214 shares in the last quarter. Vanguard Group Inc. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider's stock valued at $49,966,000 after acquiring an additional 48,587 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 61.9% during the 4th quarter. Wellington Management Group LLP now owns 1,785,307 shares of the utilities provider's stock valued at $42,580,000 after acquiring an additional 682,699 shares in the last quarter. 10.62% of the stock is currently 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.

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