Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Reaches New 12-Month High - Should You Buy?

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $21.14 and last traded at $21.06, with a volume of 699930 shares changing hands. The stock had previously closed at $20.66.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 2.3%

The firm has a market cap of $14.01 billion, a P/E ratio of 8.07 and a beta of 0.81. The firm's fifty day moving average is $19.35 and its two-hundred day moving average is $17.13. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. Analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quilter Plc lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% during the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock valued at $14,971,000 after buying an additional 43,436 shares during the period. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider's stock valued at $333,000 after buying an additional 2,164 shares during the period. Amundi lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock valued at $96,732,000 after buying an additional 426,669 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth about $242,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile

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.