Value Hunters: Look To Companhia de Saneamento Basico do Estado de Sao Paulo (SBS)

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    Impax Asset Management Ltd. recently announced the acquisition of new stake in Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS). The institutional investor has increased its shareholding in the Utilities company by 24.19% to 9.63 million shares with purchase of 1.88 million shares. This fresh investment now brings its stake to 1.41% valued currently at $101.24 million. In addition, Renaissance Technologies LLC raised its holdings by 0.18 million to 9.16 million shares. And Fidelity Management & Research Co. has lifted its position by 138.53% or 2.45 million shares – to 4.23 million shares.

    With over 1.15 million Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) shares trading Wednesday and a closing price of $11.70 on the day, the dollar volume was approximately $13.42 million. The shares have shown a positive weekly performance of 8.13% and its price on 07/22/20 lost nearly -4.41%. Currently, there are 683.51M common shares owned by the public and among those 338.09M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for SBS have a consensus price objective of $11.92. The analysts have set the share’s price value over the next 12 months at a high of $14.83 and a low of $8.23 should the stock experience a downside. Incidentally, analysts’ outlook for the Companhia de Saneamento Basico do Estado de Sao Paulo stock is 2.00 for the next 12 months. But an upside of 21.11% will see the stock hit the forecast high price target while mean target price for the stock is $12.10.

    The top 3 mutual fund holders in Companhia de Saneamento Basico do Estado de Sao Paulo are Fidelity Inv. Trust – Emerging Ma, BNP Paribas Aqua, and BNP Paribas Funds – Climate Impac. Fidelity Inv. Trust – Emerging Ma owns 4.55 million shares of the company’s stock, all valued at over $47.82 million. The company bought an additional 0.56 million shares recently to bring their total holdings to about 0.67% of the shares outstanding. BNP Paribas Aqua bought 3561.0 shares to see its total holdings expand to 3.05 million shares valued at over $32.07 million and representing 0.45% of the shares outstanding. BNP Paribas Funds – Climate Impac bought 0.15 million shares to bring its total holdings to over 2.87 million shares at a value of $30.21 million. BNP Paribas Funds – Climate Impac now owns shares totaling to 0.42% of the shares outstanding.

    Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) opened at $11.99, down -$0.25 from a prior closing price of $12.24. However, the script later closed the day at $11.70, down -4.41%. The company’s stock has a 5-day price change of 8.13% and 58.80% over the past three months. SBS shares are trading -15.91% year to date (YTD), with the 12-month market performance down to -8.36% lower. It has a 12-month low price of $5.36 and touched a high of $14.89 over the same period. Currently, 1.15 million shares have been traded, compared to an average intraday trading volume of 1.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.35%, 16.17%, and 4.59% respectively.

    Institutional ownership of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) shares accounts for 13.00% of the company’s 683.51M shares outstanding. Mutual fund holders own 5.63%, while other institutional holders and individual stakeholders account for 6.91% and — respectively.

    It has a market capitalization of $8.06B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 21.63, while the earnings-per-share (ttm) stands at $0.57. The company has a PEG of 2.02 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.40% over the week and 3.92% over the month.

    Analysts forecast that Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.24 a year ago. EPS should shrink at an annualized rate of 10.71% over the next five years, compared to 30.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 4 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the SBS, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 06, 2020, with the firm’s price target at. Goldman coverage for the Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) stock in a research note released on November 14, 2019 offered a Neutral rating with a price target of. Citigroup was of a view on January 16, 2019 that the stock is Sell, while Citigroup gave the stock Neutral rating on May 14, 2018, issuing a price target of. JP Morgan on their part issued Neutral rating on April 04, 2018.

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