Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Sets New 1-Year High - Here's What Happened

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.14 and last traded at $20.95, with a volume of 282817 shares trading hands. The stock had previously closed at $20.82.

Analysts Set New Price Targets

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 1.1%

The company has a market cap of $14.39 billion, a price-to-earnings ratio of 8.29 and a beta of 0.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock's fifty day moving average is $19.90 and its two-hundred day moving average is $17.39.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. Sell-side 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

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at about $26,000. Brooklyn Investment Group increased its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 166.0% in the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock valued at $40,000 after buying an additional 1,394 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the first quarter valued at approximately $44,000. Headlands Technologies LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 1st quarter valued at $54,000. Finally, J.Safra Asset Management Corp bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $54,000. 10.62% of the stock is currently owned by institutional investors.

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.

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