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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $18.95 and last traded at $18.68, with a volume of 1331945 shares traded. The stock had previously closed at $17.92.

Analysts Set New Price Targets

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $17.05 and a 200 day simple moving average of $16.14. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 6.70 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates 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%. On average, equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

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Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo - SABESP

A number of institutional investors have recently bought and sold shares of SBS. Ameriprise Financial Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% during the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock worth $422,000 after purchasing an additional 776 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% in the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after buying an additional 950 shares during the last quarter. Rhumbline Advisers raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% during the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock valued at $1,797,000 after acquiring an additional 1,165 shares in the last quarter. Quantinno Capital Management LP raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% during the fourth quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock valued at $278,000 after acquiring an additional 1,289 shares during the last quarter. Institutional investors and hedge funds 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.