SBA stock: buy or sell?
December 6th, 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?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment 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.
None of our preferred buy setups matches with SBA Communications stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is SBA stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 15 ratings published for SBAC stock in the last month. The general sentiment of these ratings is bullish for SBAC stock, with 8 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
SBA Communications shares stayed stable 0.23% to $236.49 today.
SBA Communications shares stayed constant 0.23% to $236.49 today. In the last 39 days when SBAC stock price broke down the SMA100d line, it slid $-7.28 per share (-2.99%). On September, SBAC hit new all time highs, pushing higher previous ATH of $269.23 recorded on September. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Shares of SBA Communications closed this week at $236.49 and remained constant a neutral 0.01%. Early November SBAC plunged a terrible -5.13% in just one week.
Not so far away is the last price record SBA Communications marked early September. Since late December 2018 when SMA20w and SMA40w crossed up, SBAC price gained $74.48 per share (45.97%).
SBA stock price history
SBA IPO was on June 16th, 1999 at $9.04 per share1. Since then, SBAC stock grew a 2,516.00%, with a yearly average of 125.80%. If you had invested $1,000 in SBA stock in 1999, it would worth $25,160.00 today.
1: Adjusted price after possible price splits or reverse-splits.
SBA stock historical price chart
SBAC stock reached all-time highs on September with a price of $270.00.
SBA stock price target is $251.90How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' SBAC stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 12 price predictions for SBA Communications stock:
|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 ShareOn February, SBA presented its financial report, posting a nice growth for the Earnings per Share (EPS). Experts expected $1.83 per share, but SBA Communications posted $2.00.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, SBA annual revenues rose a shining 7.99% to $1,865.69 M USD from $1,727.67 marked in 2017. On the other hand, its earnings margin (compared to revenues) depreciated to 2.54%, that is $47.45 million.
|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 revenues for 2018-Q4, a 3.56% up compared to previous quarter. Reported quarter income marked $57.15 M with a profit margin of 11.81%. Profit margin soared a 8.36% compared to previous quarter when profit margin was 3.46%. When comparing sales to same quarter last year, SBA Communications sales marked an impressive increase and jumped 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 a company, it's always worth to have a look its ownership structure.
SBA Communications 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.
The following table compares ownership indicators for other stocks related to SBA Communications:
|Market cap||$26.6 B||$94.6 B||$56.3 B||$2.6 B||$1.8 B|
|Total shares||112.6 M||442.9 M||415.8 M||107.5 M||53.1 M|
|Float shares||111.6 M||441.5 M||413.8 M||101.0 M||15.2 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%|
|Friday, December 6th, 2019|
|Day range||$233.61 - $237.42|
|Average true range||$4.60|
|50d mov avg||$236.97|
|100d mov avg||$243.80|
|200d mov avg||$225.60|
SBA performanceTo better understand SBA performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare SBA performance to American Tower, Crown Castle International, Telephone and Data Systems and United States Cellular:
|CCICrown Castle Inte...||-6.75%||1.83%||21.21%|
|TDSTelephone and Dat...||-7.34%||-20.38%||-30.29%|
|USMUnited States Cel...||-7.02%||-25.21%||-36.49%|
SBA competitorsWe selected a few stocks to conform a list of SBA Communications competitors to check 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