The 2.1% rally in Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) might have been tempting for an investor to buy at this point and in fact that would prove a good idea, as sell-side analysts think there is almost 29.64% more gain yet to come for shareholders. Analysts seemed to set $13.21 as highest price target on its way to greater gains. SBS stock enjoyed an overall uptrend of 26.27% from the beginning of 2019. The closing share price quoted for April 15, 2019 was $10.19. The average 12-month price target they expect from the stock is $11.29. This mean price target represents 10.79% upside over its previous closing price. The median price target they presented was $11.59 for the next 12-months, which suggests a 13.74% upside from current levels. Some analysts have a lowest price target on the stock of $9.25, which would mean a -9.22% gain in value.
A fresh roundup today notes that SBS stock has added around 5.61% of its value in the past 12 months, suggesting more investors have expressed joy over about in that time period. If we turn to the Street in general, the negaitives still outweigh the positives as we can see that Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS), have a sell (3) analyst consensus rating. In the current time, the stock has 0 buy and 1 hold ratings. The stock registered its 52-week high of $12.25 on January 29 and its 52-week low of $5.58 on September 14. Currently, the shares are trading $-0.51 below its YTD moving average of $10.7.
Moving on, Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) last reported its December 2019 earnings. For brief highlights, it performed weak in that quarter, with earnings down -37% year-over-year at $0.83. The company surprised analysts by -24 who were expecting $1.09 per share. Overall, its quarterly revenues dropped by -6% to reach $3.33 billion, while it had reported $3.54 billion in the same period a year ago. To see what investors should really expect from its March 2019 financial results consensus analyst estimates are calling for current quarter earnings per share of $0.25, down from $0.9 in the same quarter a year ago. However, earnings-per-share are expected to see growth of 50.6% in next year. From there, the company believes it can achieve a long-term annual earnings growth rate of 10.71 %. At the other end of the income statement, we have seen revenue of $4.17 billion over the trailing 12 months.
To help you decide whether it’s worth the wait (and the money), Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) is currently trading at 9.48X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 15.79X and comes in below its industry’s 15.66X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $1.08. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Monday, April 15 of 2019 shows that the price on average moves $0.38. The average daily volatility is 2.5% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) volume, you will see that it has changed to 2.47 million shares versus the average daily volume of 2.62 million shares.
When you look at the daily chart for SBS, you will observe the stock held 40.94% gains in the 6-month period and maintains 82.62% distance from its most recent low. The past 5-day performance for the share stays negative at -3.6% but down -4.15% from its three-week moving average. Comparing to 50-day SMA, Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP shares price is now down -4.65%. It also closed 24.22% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Monday with a 1-month performance at -10.38%.
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