Are Analysts Seeing Upside To Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS), American International Group, Inc. (AIG)?

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) average daily volatility for this week is 3.94% which is more than the 3.47% recorded over the past month. Its shares dropped by -8.9% or -$1.09 from its last recorded high of $12.25 which it attained on January 29 to close at $11.16 per share. Over the past 52 weeks, the shares of Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP has been trading as low as $5.58 before witnessing a massive surge by 100% or $5.58. This price movement has led to the SBS stock receiving more attention and has become one to watch out for. It dipped by -0.36% on Thursday and this got the market worried. The stock’s beta now stands at 0.96 and when compared to its 200-day moving average and its 50-day moving average, SBS price stands 44.24% above and 4.73% above respectively.

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) rose 12.5% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -1.39% and is now up by 38.29% since start of this year. A look at its monthly performance shows that the stock has recorded a 8.98% gain over the past 30 days. Its equity price climbed by 51.63% over the past three months which led to its overall six-month increase to stand at 93.08%.

Experts from research firms are bullish about the near-term performance of Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP with most of them predicting a $12.38 price target on a short-term (12 months) basis. The average price target by the analysts will see a 10.93% rise in the stock and would lead to SBS’s market cap to surge to $8.32B. The stock has been rated an average 3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 1 analysts that track Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (NYSE:SBS) and find out that 1 of them rated it as a Hold. 0 of the 0 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at SBS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.59 point. Its trading volume has lost -941282 shares compared to readings over the past three months as it recently exchanged 1738718 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2680000 shares, and this is 0.65 times the normal volume.

The price of American International Group, Inc. (NYSE:AIG) currently stands at $43.75 after it went down by $-0.04 or -0.09% and has found a strong support at $43.42 a share. If the AIG price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $43.09 mark would also be bad for the stock as it means that the stock would plunge by 1.51% from its current position. However, if the stock price is able to trade above the resistance point around $44.03, then it could likely surge higher to try and break the upward resistance which stands at $44.31 a share. Its average daily volatility over the past one month stands at 2.35%. The stock has plunged by 0.87% from its 52-weeks high of $43.37 which it reached on Apr. 30, 2018. In general, it is 17.35% above its 52-weeks lowest point which stands at $36.16 and this setback was observed on Oct. 12, 2018.

Analysts have predicted a price target for American International Group, Inc. (AIG) for 1 year and it stands at an average $50.31/share. This means that it would likely increase by 14.99% from its current position. The current price of the stock has been moving between $43.37 and $43.98. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $45. On the other hand, one analyst is super bullish about the price, setting a target as high as $56.

The AIG stock Stochastic Oscillator (%D) is at 68.83%, which means that it is currently neutral. The shares P/S ratio stands at 0.81 which compares to the 2.81 recorded by the industry or the 6.09 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8.67, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -63.4% over the past five years.

Analysts view American International Group, Inc. (NYSE:AIG) as a Hold, with 2.2 consensus rating. Reuters surveyed 19 analysts that follow AIG and found that 7 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 12 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying American International Group, Inc. (AIG) shares or sell it if they already own it.