Companhia de Saneamento Basico do Estado de Sao Paulo [SBS] moved up 2.56: Why It’s Important
Companhia de Saneamento Basico do Estado de Sao Paulo [NYSE: SBS] It traded at the highest level on 09/22/22, posting a gain of 2.56 and after that it closed the day’s session at $9.21. Company report on May 9, 2022 Sabesp celebrates its 20th anniversary of listing on the New York Stock Exchange with 413% recognition and success in its management model.
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The company achieves corporate governance standards in the stock market and is ready to meet the challenges of the regulatory framework.
On Monday (09/05) Sabesp celebrates the 20th anniversary of its listing on the New York Stock Exchange (NYSE) by participating in a “closing bell” ceremony, as well as presentations and meetings with investors. The only Brazilian sanitation company listed on the New York Stock Exchange, after two decades of participation in the major international stock market, the company’s investment has reached one third of the total contribution made to sanitation in Brazil, which has allowed significant improvements to the Brazilian people, and also attracted private capital and openness So new heights for the entire sector. In this period, the company has reached standards of corporate governance that Sabesp attributes to challenges posed by the new sanitation legal framework.
The results of the trading session contributed to the trading of more than 3979517 shares. Over the past week, Companhia de Saneamento Basico do Estado de Sao Paulo price volatility was 4.21% while volatility over the past month was 3.13%.
The market capitalization of SBS shares was $6.63 billion, of which 683.51 million shares are outstanding and 338.70 million shares are in current float. Compared to an average trading volume of 1.95 million shares, SBS had a trading volume of 3,979,517 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Companhia de Saneamento Basico do Estado de Sao Paulo [SBS]?
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for SBS shares is $12.30 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on SBS stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
JP Morgan made an estimate for Companhia de Saneamento Basico do Estado de Sao Paulo stock, keeping their opinion of the stock as Overweight, with their previous recommendation back on February 24, 2021. While these analysts held the previous recommendation, Citigroup raised their buy price target. The new price target note was released on December 01, 2020, which is the official target price for Companhia de Saneamento Basico do Estado de Sao Paulo stock.
Companhia de Saneamento Basico do Estado de Sao Paulo’s Average True Range (ATR) is set at 0.34, with SBS’s price-to-sales ratio for the past 12 months at 1.71. The price-to-book ratio for the last quarter was 1.26, with the price-to-cash-to-cash ratio for the same quarter set at 0.69. SBS’ free cash flow rate for the past 12 months was 9.55 with a Q4 quick ratio of 1.30.
How has SBS stock been performing lately?
Companhia de Saneamento Basico do Estado de Sao Paulo [SBS] It fell into the red at the end of last week, fell in a negative direction and fell by -1.07. With this latest performance, SBS shares are down -0.22% over the past four-week period, as well as down 0.22% over the past six months — not to mention a 33.01% rise in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for SBS stock for the last two weeks is set at 49.09, with the RSI for the last one trading at 46.61, and the three-week RSI at 50.73 for Companhia de Saneamento Basico do Estado de São Paulo [SBS]. The current moving average for the last 50 trading days of this stock is 8.91, while it recorded at 9.11 for the last trading week, and 8.41 for the last 200 days.
Companhia de Saneamento Basico do Estado de Sao Paulo [SBS]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, Companhia de Saneamento Basico do Estado de Sao Paulo [SBS] The stock currently has an operating margin of +20.90 and a gross margin of +33.45. Companhia de Saneamento Basico do Estado de Sao Paulo’s net margin is currently clocked at +11.83.
Return on equity increased to 9.66, with return on assets remaining at 4.45.
The liquidity data for Companhia de Saneamento Basico do Estado de Sao Paulo is also interesting, with a quick ratio of 1.30 and a current ratio of 1.30.
Profit Analysis for Companhia de Saneamento Basico do Estado de Sao Paulo [SBS]
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for SBS. When it comes to the stated value, analysts expect the 5-year EPS growth rate for Companhia de Saneamento Basico do Estado de Sao Paulo to rise to 10.71%.
Inside Trade Centers for Companhia de Saneamento Basico do Estado de Sao Paulo [SBS]
There are currently approximately $801 million, or 14.80% of SBS stock, in the hands of institutional investors. The three largest corporate owners of SBS shares are: IMPAX ASSET MANAGEMENT GROUP PLC with 24,661,508 ownership, which is approximately a new share of the company’s market capitalization and approximately 41.50% of the total corporate ownership; BLACKROCK INC. , owns 5,794,096 shares with an approximate value of $53.36 million in SBS stock; and MACKENZIE FINANCIAL CORP, currently with $51.79 million in SBS shares with ownership of approximately -0.724% of the company’s market capitalization.
Positions in Companhia de Saneamento Basico do Estado de Sao Paulo increased shares held by institutional investors at the end of August and at the time of the August report, 63 institutional owners increased their positions in Companhia de Saneamento Basico do Estado de Sao Paulo [NYSE:SBS] About 29974,805 shares. In addition, 76 investors decreased their positions by 8,982,131 shares, while 23 investors held positions with 48,043,296 shares. The said changes put institutional holdings at 87,000,232 shares, according to the latest report from the Securities and Exchange Commission. SBS had 23 new institutional investments totaling 27,447,027 shares, while 25 institutional investors sold positions worth 1,812,320 shares during the same period.