In yesterday’s Wall Street session, Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) shares traded at $11.00, down -1.08% from the previous session.
As we calculate the median target price by taking the range between a high of $17.23 and a low of $9.61, we find $11.77. Given the previous closing price of $11.12, this indicates a potential upside of 5.85 percent. SBS stock price is now 6.01% away from the 50-day moving average and 20.22% away from the 200-day moving average. The market capitalization of the company currently stands at $7.42B.
Brokers who have rated the stock have averaged $12.08 as their price target over the next twelve months.
, while ‘JP Morgan’ rates the stock as ‘Neutral’.
A total of 41.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SBS stock. A new stake in Companhia de Saneamento Basico do Estado de Sao Paulo shares was purchased by CANADA PENSION PLAN INVESTMENT BOARD during the first quarter worth $3,178,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $2,194,000 in shares of SBS during the first quarter. In the first quarter, ELECTRON CAPITAL PARTNERS, LLC acquired a new stake in Companhia de Saneamento Basico do Estado de Sao Paulo valued at approximately $1,519,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in SBS for approximately $1,072,000. JUMP FINANCIAL, LLC purchased a new stake in SBS valued at around $492,000 in the second quarter. In total, there are 207 active investors with 14.80% ownership of the company’s stock.
On Tuesday morning Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) stock kicked off with the opening price of $11.10. During the past 12 months, Companhia de Saneamento Basico do Estado de Sao Paulo has had a low of $5.77 and a high of $12.04. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for SBS is $10.40 and a two-hundred day moving average price translates $9.22 for the stock.
The latest earnings results from Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) was released for Jun, 2022. The net profit margin was 14.40% and return on equity was 11.70% for SBS. The company reported revenue of $1.14 billion for the quarter, compared to $986.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.81 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/07/2017. Investors who held shares on 04/13/2017 were paid a $0.288179 dividend. On an annualized basis, this represents a $0.18 dividend and a 1.63% percent yield. There was an ex-dividend date of 04/11/2017 for this dividend. In terms of dividend payout ratio, SBS is presently at 54.30%.
Companhia de Saneamento Basico do Estado de Sao Paulo(SBS) Company Profile
Companhia de Saneamento Básico do Estado de São Paulo SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy. As of December 31, 2021, the company provided water services through 9.8 million water connections to approximately 27.8 million people; sewage services through 8.4 million sewage connections to approximately 24.6 million people; and operated 88,904 kilometers of water pipes and water transmission lines, as well as 61,122 kilometers of sewer lines. It also offers water and/or sewage services to four other municipalities through special purpose companies. The company was founded in 1954 and is headquartered in São Paulo, Brazil.