The share price of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) fell to $8.98 per share on Wednesday from $9.21. While Companhia de Saneamento Basico do Estado de Sao Paulo has underperformed by -2.50%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SBS rose by 33.86%, with highs and lows ranging from $11.00 to $5.77, whereas the simple moving average jumped by 8.13% in the last 200 days.
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On February 24, 2021, JP Morgan Upgraded Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) to Overweight. A report published by Citigroup on December 01, 2020, Initiated its previous ‘Buy’ rating for SBS. Citigroup January 16, 2019d its ‘Neutral’ rating to ‘Sell’ for SBS, as published in its report on January 16, 2019. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Companhia de Saneamento Basico do Estado de Sao Paulo (SBS)
A return on investment can be expected regardless of SBS’s performance over the next quarter with the dividend set at $0.18 per share. Further, the quarter-over-quarter increase in sales is 14.60%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Companhia de Saneamento Basico do Estado de Sao Paulo’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 9.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SBS is recording an average volume of 1.95M. On a monthly basis, the volatility of the stock is set at 3.10%, whereas on a weekly basis, it is put at 4.02%, with a loss of -8.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.30, showing growth from the present price of $8.98, which can serve as yet another indication of whether SBS is worth investing in or should be passed over.
How Do You Analyze Companhia de Saneamento Basico do Estado de Sao Paulo Shares?
A leading company in the Utilities – Regulated Water sector, Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) is based in the Brazil. When comparing Companhia de Saneamento Basico do Estado de Sao Paulo shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.23, there is a growth in quarterly earnings of -45.40%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 41.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 14.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in SBS shares?
The recent increase in stakes in SBS appears to be a result of several institutional investors and hedge funds increasing their positions. The company now owns 24,661,508 shares of the stock, with a value of $230.83 million, following the purchase of 24,661,508 additional shares during the last quarter. Mackenzie Financial Corp. made another decreased to its shares in SBS during the first quarter, downing its stake by -0.72%. During the last quarter, the company picked up -40,989 additional shares for a total stake of worth $52.63 million, bringing number of shares owned by the company to 5,623,095.
During the first quarter, Invesco Capital Management LLC added a 374,154 position in SBS. Letko, Brosseau & Associates Inc. sold an additional -0.36 million shares in the last quarter, decreasing its holdings by -7.04%, now holding 4.82 million shares worth $45.11 million. At the end of the first quarter, First Trust Advisors LP decreased its SBS holdings by -5.56% and now holds 4.65 million SBS shares valued at $43.56 million with the lessened -0.27 million shares during the period. SBS shares are owned by institutional investors to the tune of 14.80% at present.