Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Hits New 1-Year High - Should You Buy?

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $21.14 and last traded at $20.95, with a volume of 282817 shares traded. The stock had previously closed at $20.82.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

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

The stock has a market capitalization of $14.42 billion, a PE ratio of 7.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. The business's fifty day moving average price is $20.20 and its 200-day moving average price is $17.53.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 28.70% and a return on equity of 29.18%. As a group, equities research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current year.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

A number of institutional investors and hedge funds have recently bought and sold shares of SBS. SBI Securities Co. Ltd. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at approximately $26,000. Brooklyn Investment Group raised its stake in 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 valued at $40,000 after purchasing an additional 1,394 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $44,000. J.Safra Asset Management Corp purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at approximately $54,000. Finally, Headlands Technologies LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at approximately $54,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

About Companhia de saneamento Basico Do Estado De Sao 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.