The stock of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) increased by $0.57 on Wednesday to $11.60, up 5.17 percent. The last five days have seen an average of 949,947 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.80. The average number of shares traded over the last 20 days was 1,135,677, while the average volume over the last 50 days totaled 1,154,779.
SBS stock appreciated 2.47% since last month. On 08/09/23, the company’s shares reached a one-month low of $10.76. The stock touched a high of $12.24 on 07/31/23, after rallying from a low of $7.77 in 52 weeks. The price of SBS stock has risen by 12.05% or $0.80 this year, reaching a new high 20 times. Still, the stock price is down -5.23% from the 52-week high.
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Valuation Metrics
Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) has a trailing price-to-earnings (P/E) ratio of 13.41. Beta for the stock is 1.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.62, the price-to-book (PB) ratio of 1.35.
Company paid $0.2527 per share in dividends, an increase of 34.41% from $0.1880 last year. A $0.0647 dividend increase was reported on Friday April 21 2023.
Financial Health
For the recent quarter, Companhia de Saneamento Basico do Estado de Sao Paulo’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.56, and the total debt to equity ratio is 0.65. As far as profitability goes, gross margin for the trailing twelve months is 34.60% percent. Companhia de Saneamento Basico do Estado de Sao Paulo’s EBITDA margin for the recent year was 31.99%, whereas its operating margin stood at 22.10% for the same period. Based on annual data, it had gross profit of $899.77 million and revenue of $4.27 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SBS’s return on assets (ROA) during the last 12 months has been 5.60%. There was a 7.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.50%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was $394.55 million for the quarter. At the end of Companhia de Saneamento Basico do Estado de Sao Paulo’s most recent quarter, its liabilities totaled 5.55 billion, while its total debt was $18.71 billion.
Technical Picture
Here’s a quick look at Companhia de Saneamento Basico do Estado de Sao Paulo’s (SBS) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 55.07%, suggesting the stock is Neutral, with a 33.83% historical volatility rate.
The stochastic %K and %D were 34.46% and 32.58% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 47.30%, the RSI (14) reading is 53.01%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at -0.02.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) an Overweight rating. SBS is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is SBS’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.65 and $17.61, with a median target price of $12.70. In analyzing these forecasts, the average price target given by analysts for Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) is $13.19.
