SBA stock: buy or sell?

SBAC stock price: $236.49 0.23% At close on December 6th, 2019

Updated on:
December 6th, 2019

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SBA Communications shares stayed stable 0.23% to $236.49 today. Friday was the 4th climbing session in a row, marking 1.84%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is SBAC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-19Morgan StanleyOverweightEqual
2019-8-19KeyCorpn/aOverweight
2019-8-14Bank of AmericaNeutralNeutral
2019-8-1JPMorgan Chase & Co.OverweightNeutral
2019-7-8Moffett NathansonBuyNeutral
2019-7-30SunTrust Banksn/aBuy
2019-7-30KeyCorpn/aOverweight
2019-7-30KeyCorpn/aOverweight
2019-7-30Cowenn/aOutperform
2019-7-15KeyCorpn/aOverweight
2019-7-15Bank of AmericaBuyNeutral
2019-6-7UBS GroupBuyNeutral
2019-5-20Morgan Stanleyn/aOverweight
2019-5-1Raymond JamesOutperformMarket Perform
2019-4-30KeyCorpOverweightOverweight

SBA stock analysis

Daily outlook

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.

SBAC stock chart (daily)

Weekly outlook

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%).

SBAC stock chart (weekly)

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 $251.90

How 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:
SBAC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-19Morgan StanleyDowngrades$222.00$249.0012.2%
2019-8-19KeyCorpReiterates$259.00$292.0012.7%
2019-8-14Bank of AmericaReiterates$245.00$260.006.1%
2019-8-1JPMorgan Chase & Co.Downgrades$220.00$270.0022.7%
2019-7-30SunTrust BanksRaises Targetn/a$255.00-
2019-7-30KeyCorpReiterates$252.00$259.002.8%
2019-7-30KeyCorpRaises Target$252.00$259.002.8%
2019-7-30CowenReiterates$203.00$250.0023.2%
2019-7-15KeyCorpReiterates$215.00$252.0017.2%
2019-6-7UBS GroupDowngrades$209.00$240.0014.8%
2019-5-20Morgan StanleyRaises Target$204.00$222.008.8%
2019-4-30KeyCorpReiterates$195.00$215.0010.3%
(in average)$225.10$251.9012.0%
The price target for SBA stock is $251.90, moving in a range between $292.00 and $215.00. In average, analysts' outlook on SBAC price forecast is positive, upgrading the prediction by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
SBAC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-260.180.2327.8%
2018-Q12018-04-300.210.2728.6%
2018-Q22018-07-301.821.830.5%
2018-Q32018-11-051.781.927.9%
2018-Q42019-02-211.8329.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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.

SBAC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$1,527 M-$-24.30 M-1.6%-
2015$1,638 M7.30%$-175.66 M-10.7%623.01%
2016$1,633 M-0.33%$76 M4.7%-143.40%
2017$1,728 M5.79%$104 M6.0%35.96%
2018$1,866 M7.99%$47 M2.5%-54.22%

Quarterly financial results

SBA 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.
SBAC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$427,294 M-$9,234 M2.2%-
2017-Q3$434 M-99.90%$49 M11.3%-99.47%
2017-Q4$443 M2.10%$8 M1.7%-84.42%
2018-Q1$458 M3.44%$32 M6.9%311.81%
2018-Q2$456 M-0.43%$-57 M-12.6%-281.93%
2018-Q3$467 M2.39%$16 M3.5%-128.13%
2018-Q4$484 M3.56%$57 M11.8%254.02%
2019-Q1$493 M1.95%$26 M5.3%-54.53%

SBA ownership

When 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:

SBACAMTCCITDSUSM
Market cap$26.6 B$94.6 B$56.3 B$2.6 B$1.8 B
Total shares112.6 M442.9 M415.8 M107.5 M53.1 M
Float shares111.6 M441.5 M413.8 M101.0 M15.2 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 selling0.0%0.0%0.0%0.0%0.0%

SBA summary

Friday, December 6th, 2019
Open$236.96
Close$236.49
Day range$233.61 - $237.42
Previous close$235.94
Session gain0.23%
Average true range$4.60
50d mov avg$236.97
100d mov avg$243.80
200d mov avg$225.60
Daily pattern
Weekly pattern lt03a

SBA performance

To 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:
Stock3m6m12m
SBACSBA Communication...-9.73%7.57%41.04%
AMTAmerican Tower-7.80%1.37%30.72%
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 competitors

We selected a few stocks to conform a list of SBA Communications competitors to check if you are interested in investing in SBAC:

Latest SBA stock news