Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (SBS) stock forecast: Can it reach its 52-week high of $18.36

Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [SBS] stock prices are up 3.01% to $15.74 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SBS shares have gain 8.93% over the last week, with a monthly amount glided 6.93%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [NYSE: SBS] stock has seen the most recent analyst activity on February 24, 2021, when JP Morgan upgraded its rating to a Overweight. On April 06, 2020, downgrade downgraded it’s rating to Neutral. Goldman started tracking the stock assigning a Neutral rating. Citigroup downgraded its rating to a Sell. Citigroup upgraded its rating to Neutral for this stock on May 14, 2018. In a note dated April 04, 2018, JP Morgan downgraded an Neutral rating on this stock.

The stock price of Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [SBS] has been fluctuating between $13.10 and $18.36 over the past year. Currently, Wall Street analysts expect the stock to reach $24.5 within the next 12 months. Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [NYSE: SBS] shares were valued at $15.74 at the most recent close of the market. An investor can expect a potential return of 55.65% based on the average SBS price forecast.

Analyzing the SBS fundamentals

The Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [NYSE:SBS] reported sales of 6.79B for trailing twelve months, representing a surge of 104.60%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.29 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.64 points at the first support level, and at 15.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.82, and for the 2nd resistance point, it is at 15.90.

Ratios To Look Out For

It’s worth pointing out that Companhia de Saneamento Basico do Estado de Sao Paulo. ADR [NYSE:SBS]’s Current Ratio is 1.14. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 6.18.

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