Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.88 and traded as high as $25.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $24.5660, with a volume of 2,478,075 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SBS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.4%

The stock has a market cap of $16.79 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 3.68 and a beta of 0.80. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $25.16 and its 200 day simple moving average is $22.90.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. As a group, analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Several hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 159.8% in the first quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider’s stock worth $22,862,000 after purchasing an additional 787,399 shares during the period. Brooklyn Investment Group grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock worth $40,000 after buying an additional 1,394 shares during the period. Northern Trust Corp raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the first quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock worth $25,838,000 after buying an additional 69,612 shares during the last quarter. Compound Planning Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth $222,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter valued at $2,237,000. Institutional investors own 10.62% of the company’s stock.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.