In yesterday’s Wall Street session, Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE:SBS) shares traded at $12.02, up 0.75% from the previous session.
10 analysts cover Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE:SBS), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.67 and a low of $11.88, we find $13.18. Given the previous closing price of $11.93, this indicates a potential upside of 10.48 percent. SBS stock price is now 0.84% away from the 50-day moving average and 12.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.22B.
The stock has received a hold rating from 2 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $14.00 as their price target over the next twelve months.
A total of 0.01% 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. ADR shares was purchased by CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. during the first quarter worth $2,646,000. RHUMBLINE ADVISERS invested $2,344,000 in shares of SBS during the first quarter. In the first quarter, BTG PACTUAL GLOBAL ASSET MANAGEMENT LTD acquired a new stake in Companhia de Saneamento Basico do Estado de Sao Paulo. ADR valued at approximately $1,856,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in SBS for approximately $578,000. SQUAREPOINT OPS LLC purchased a new stake in SBS valued at around $418,000 in the second quarter. In total, there are 221 active investors with 12.30% ownership of the company’s stock.
On Friday morning Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE: SBS) stock kicked off with the opening price of $11.83. During the past 12 months, Companhia de Saneamento Basico do Estado de Sao Paulo. ADR has had a low of $8.21 and a high of $12.70. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.97, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $11.27B, which is based on a 13.20 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for SBS is $11.94 and a two-hundred day moving average price translates $10.85 for the stock.
The latest earnings results from Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE: SBS) was released for Jun, 2023. The net profit margin was 13.50% and return on equity was 11.33% for SBS. The company reported revenue of $1.24 billion for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.2 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/06/2023. Investors who held shares on 05/03/2023 were paid a $0.252703 dividend. On an annualized basis, this represents a $0.23 dividend and a 1.94% percent yield. There was an ex-dividend date of 05/02/2023 for this dividend. In terms of dividend payout ratio, SBS is presently at 30.15%.
Companhia de Saneamento Basico do Estado de Sao Paulo. ADR(SBS) Company Profile
Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State. The company was founded in 1954 and is headquartered in São Paulo, Brazil.
