Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Reaches New 52-Week High - Still a Buy?

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $20.40 and last traded at $20.27, with a volume of 88770 shares. The stock had previously closed at $20.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 0.6 %

The stock's 50 day moving average is $17.90 and its 200-day moving average is $16.50. The company has a market cap of $13.60 billion, a P/E ratio of 7.83 and a beta of 0.77. The company has a current ratio of 1.14, a quick ratio of 1.13 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 issued its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.43. The firm had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 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%. Research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth $26,000. J.Safra Asset Management Corp bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $54,000. R Squared Ltd purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $66,000. Farther Finance Advisors LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 1,451.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 3,571 shares during the period. Finally, Signaturefd LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after purchasing an additional 1,917 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

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.