Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Gap Up – Still a Buy?

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) shares gapped up before the market opened on Thursday . The stock had previously closed at $17.92, but opened at $18.61. Companhia de Saneamento Básico do Estado de São Paulo – SABESP shares last traded at $18.78, with a volume of 158,628 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 5.4 %

The firm has a market cap of $12.08 billion, a P/E ratio of 6.96 and a beta of 1.15. The stock has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $16.17. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43. 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%. The company had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 billion. On average, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SBS. SBI Securities Co. Ltd. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $26,000. J.Safra Asset Management Corp bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $54,000. R Squared Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $66,000. Signaturefd LLC boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% during the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after buying 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 fourth quarter valued at $144,000. Institutional investors own 10.62% of the company’s stock.

About Companhia de Saneamento Básico do Estado de São 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.