Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS): What Is The Path Ahead?

Wall Street analysts will be watching closely when Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) reports its quarterly earnings next, which is scheduled for Tue 26 Mar (In 75 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.14 per share. In the preceding quarter, the company reportedly generated EPS of $0.83 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 28.30%, a profit margin of 12.80% and a gross margin of 40.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS). Most recently, on May 14th, 2018, Citigroup Upgrade a Neutral rating. Before that, on April 4th, 2018, JP Morgan Downgrade to Neutral. Janney Downgrade a Neutral rating on March 12th, 2018, JP Morgan Upgrade an Overweight rating on November 27th, 2017, and HSBC Securities Upgrade a Buy rating on November 22nd, 2017.

At its current price point, combined with the fact that this company has 615.59M shares outstanding, the current market capitalization sits at 6.29B. In the last trading day, 2,706,059 shares of Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP were traded, which compares to its usual volume of about 2.63M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.55 in the past five trading days, resulting in a percentage change of +5.69% and a moving average of 10.04. In the past 20 days, its price changed by $2.85 (which is +38.72%) and the stock’s moving average was 8.53. Looking back a full 50 days, shares of SBS changed by $2.72 (which is +36.32%) and demonstrated a moving average of 7.83.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 90.18%, a 14-day Stochastic %K score of 90.74% and a 20-day Stochastic %K score of 91.56%. Using a similar metric, Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) shares showed a Stochastic %D of 87.02% over the past 9 days, a Stochastic %D score of 87.51% over the last 14 days, and a 20-day Stochastic %D of 88.88%. Meanwhile, this stock’s MACD Oscillator was 0.65 over the past 9 days, 1.23 over the past two weeks, and 1.56 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $10.21 level. Over the past 12 months, this stock has experienced a high price of $11.60 and a low of $5.58. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Impax Asset Management Ltd purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 19,333,813 shares of the company’s stock following the addition of 3,178,266 to this investor’s holdings during the three-month period. This share count represents that Impax Asset Management Ltd now held 2.83% stake in Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS)’s shares.

Just in the most recent trading day, Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) experienced a high price of $10.21 and low point of $9.885. At the end of the last trading session, this stock was at 10.21 per share, following a gain of $0.03, or 0.59% during the full day.