SBA stock: buy or sell?
August 22nd, 2019
SBA Communications Corporation operates as a real estate investment trust. The company operates through two segments, Site Leasing and Site Development.
Should I buy SBA stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with SBA stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is SBA Communications stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 15 ratings published for SBAC stock in the last month. The general sentiment of these ratings is bullish for SBAC stock, with 9 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-14||Bank of America||Neutral||Neutral|
|2019-8-1||JPMorgan Chase & Co.||Overweight||Neutral|
|2019-7-15||Bank of America||Buy||Neutral|
|2019-5-1||Raymond James||Outperform||Market Perform|
SBA stock analysis
After climbing to all-time highs several times in past weeks, SBA Communications stayed constant 0.04% to $260.53.
After several days of continuous hikes in past weeks, SBA Communications stayed stable 0.04% to $260.53. From a daily perspective, SBAC is in a short term uptrend after plotting its last bottom ($241.01, on Aug/5) higher than the previous bottom, and its last top ($263.04, on Monday) also over the previous top. Now trading in between its last bottom and last top SBAC might consolidate in a plain range, waiting to break out over $263.04 or down under $241.01. On Monday, SBAC hit new all time highs, pushing higher previous ATH of $261.73 recorded on Friday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Shares of SBA ended this week at $260.53 after topping to a new all time high ($263.04) and remained steady a tight 0.09%. This week was the 5th green week in a row.
If you observe the weekly chart, price finally broke over the resistance at $236.90 and continued climbing. Since SMA20d and SMA40w crossed up late December 2018, SBAC price climbed $98.04 per share (60.34%). Since late October 2018 when SBAC stock price broke up the SMA40w line, it gained $109.32 (72.30%).
SBA stock price history
SBA stock went public on June 16th, 1999 with a price of $9.061. Since then, SBAC stock surged a 2,775.60%, with an average of 138.80% per year. If you had invested right after SBAC's IPO a $1,000 in SBA stock in 1999, it would worth $27,756.00 today.
1: Adjusted price after possible price splits or reverse-splits.
SBA stock historical price chart
SBAC stock reached all-time highs on Monday with a price of $263.04.
SBA stock price target is $249.10How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 12 price targets for SBAC stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-14||Bank of America||Reiterates||$245.00||$260.00||6.1%|
|2019-8-1||JPMorgan Chase & Co.||Downgrades||$220.00||$270.00||22.7%|
|2019-7-30||SunTrust Banks||Raises Target||n/a||$255.00||-|
|2019-5-20||Morgan Stanley||Raises Target||$204.00||$222.00||8.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSBA Communications reported fine results for 2018-Q4 on February. SBA Communications grew Earnings per Share (EPS) by 9.30%, beating analysts estimates of $1.83. SBA Communications posted $2.00.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, SBA annual sales escalated a very good 7.99% to $1,865.69 million USD from $1,727.67 marked in 2017. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) slightly fell a -3.46% to 2.54%.
|2014||$1,527 M||-||$-24.30 M-1.6%||-|
|2015||$1,638 M||7.30%||$-175.66 M-10.7%||623.01%|
|2016||$1,633 M||-0.33%||$76 M4.7%||-143.40%|
|2017||$1,728 M||5.79%||$104 M6.0%||35.96%|
|2018||$1,866 M||7.99%||$47 M2.5%||-54.22%|
Quarterly financial resultsSBA posted $483.85 M in sales for 2018-Q4, a 3.56% up compared to previous quarter. Reported quarter earnings marked $57.15 million with a profit margin of 11.81%. Profit margin jumped a 8.36% compared to previous quarter when profit margin was 3.46%. When comparing revenues to same quarter last year, SBA Communications sales marked an impressive increase and rose a 9.20%. Looking back to recent quarterly results, SBA posted 2 positive quarters in a row.
|2017-Q2||$427,294 M||-||$9,234 M2.2%||-|
|2017-Q3||$434 M||-99.90%||$49 M11.3%||-99.47%|
|2017-Q4||$443 M||2.10%||$8 M1.7%||-84.42%|
|2018-Q1||$458 M||3.44%||$32 M6.9%||311.81%|
|2018-Q2||$456 M||-0.43%||$-57 M-12.6%||-281.93%|
|2018-Q3||$467 M||2.39%||$16 M3.5%||-128.13%|
|2018-Q4||$484 M||3.56%||$57 M11.8%||254.02%|
|2019-Q1||$493 M||1.95%||$26 M5.3%||-54.53%|
SBA ownershipWhen you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.
SBA shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.31% of all shares.
Bearish positions for SBAC stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$29.5 B||$100.7 B||$60.8 B||$2.6 B||$1.9 B|
|Total shares||113.3 M||442.7 M||415.7 M||106.6 M||53.4 M|
|Float shares||112.1 M||441.1 M||413.7 M||100.2 M||15.5 M|
|- Institutional holdings (%)||96.2%||95.7%||94.5%||90.3%||27.5%|
|- Insider holdings (%)||1.3%||0.2%||0.4%||0.8%||0.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$257.50 - $261.15|
|Average true range||$4.77|
|50d mov avg||$239.40|
|100d mov avg||$223.26|
|200d mov avg||$199.83|
SBA performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare SBA Communications performance to American Tower, Crown Castle International, Telephone and Data Systems and United States Cellular:
|CCICrown Castle Inte...||15.28%||24.06%||34.83%|
|TDSTelephone and Dat...||-19.03%||-23.45%||-17.19%|
|USMUnited States Cel...||-23.08%||-27.70%||-18.82%|
SBA competitorsWe selected a few stocks to conform a list of SBA competitors to examine if you are interested in investing in SBAC:
- American Tower (AMT)
- Crown Castle International (CCI)
- Telephone and Data Systems (TDS)
- United States Cellular (USM)
Latest SBA stock news
- InvestorPlace3 Big Stock Charts for Wednesday: Procter & Gamble, FMC and SBA CommunicationsAugust 8, 2018
- InvestorPlace3 Big Stock Charts for Tuesday: SBA Communications, Pfizer and Range ResourcesJuly 10, 2018