Companhia de Saneamento Basico do Estado de Sao Paulo (SBS): Investor showing Interest in it


Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) changes shares on Tuesday trading session, with a change of -1.43% or -$0.16 shares. The trading starts at $11.07 and closed at $11.21 throughout the day. The trading session low price was $10.82 and day high was $11.19 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 1.45 million while its average volume is 1.67M. In other hand, the SBS market cap reached to $7.50B. While, its current target price is $12.53.

On July 1, 2020, Brazil’s Sabesp extends water-bill exemption for low-income families till Aug. 15. According to the news reported on Reuters, Brazilian state-run sanitation company Sabesp will exempt low-income customers from paying water bills until Aug. 15 due to the coronavirus pandemic, the Sao Paulo state governor said on Tuesday.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -4.00% and up 0.45% for month. Its quarterly performance was 48.92% above, while its half year performance is down -22.28%. SBS yearly performance stood at negative -15.68% and fall -24.08% for year-to-date. Current recommendation for Companhia de Saneamento Basico do Estado de Sao Paulo is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SBS EPS (TTM) for 12-month is 0.59. Sales growth for the current quarter is 1.76 while its EPS Q/Q reached -201.60%. It has an EPS of 30.10% up for past five years and for the next five years will be up 10.71%.

Let’s take a look on the analyst recommendations on SBS for the current month and previous month. For the current month, 8 of 12 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 0 rated it sell, 8 rated it as Buy and 4 as Hold Ratings. On the other hand, target price ranges from $10.32 – $15.24. Average target price for SBS was reached at $12.34.

Impax Asset Management Group Plc, Renaissance Technologies, LLC and AQR Capital Management, LLC are the top three holders in Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) stock. On Mar 30, 2020, Impax Asset Management Group Plc has 9.63 million shares which valued 71.09 million. On Mar 30, 2020, Renaissance Technologies, LLC owned 9.16 million shares which valued at 67.62 million. On Mar 30, 2020, AQR Capital Management, LLC has a total of 6.66 million shares which valued at 49.16 million. In the end, AQR Capital Management, LLC have 4.87% shares outstanding of Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) on Mar 30, 2020. The insider ownership moved to 41.50% and institutional holding shifted to 13.10%.

The company posted an EPS (TTM) of 0.59. Comparing with last year, the average estimated EPS was 0.24 which is higher than 0.22 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SBS fall -1.17% for period of 200 days. SMA for 50 days was 2.19% which is showing green signal, while SMA-20 was -2.38%. The moving average value for Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) is 2.32M and 0.28% for 200 and 50 days respectively.