Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 5.4 %
NYSE SBS traded down $1.02 during trading on Tuesday, hitting $17.68. 1,267,880 shares of the company's stock traded hands, compared to its average volume of 1,042,878. The stock has a fifty day moving average of $17.04 and a two-hundred day moving average of $16.16. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $13.10 and a 12-month high of $18.95. The firm has a market cap of $12.08 billion, a P/E ratio of 6.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.
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 for the quarter, beating the consensus estimate of $0.06 by $0.43. The company had revenue of $981.20 million during the quarter, compared to analysts' expectations of $6.89 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%. As a group, sell-side analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth $26,000. J.Safra Asset Management Corp purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $54,000. R Squared Ltd bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $66,000. Signaturefd LLC increased its holdings 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. Finally, Anchor Pointe Wealth Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at approximately $144,000. 10.62% of the stock is owned by hedge funds and other institutional investors.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile
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Get Free Report)
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.
Further Reading
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