How Many SBA Communications Corporation (NASDAQ:SBAC)’s Analysts Are Bullish?

June 14, 2018 - By Linda Rogers

Investors sentiment decreased to 0.5 in Q1 2018. Its down 1.50, from 2 in 2017Q4. It fall, as 1 investors sold SBA Communications Corporation shares while 1 reduced holdings. 0 funds opened positions while 1 raised stakes. 2.57 million shares or 0.08% more from 2.57 million shares in 2017Q4 were reported.
Hanseatic Mngmt Services Inc has invested 0.04% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC). Cibc World Mkts Corp stated it has 0.03% in SBA Communications Corporation (NASDAQ:SBAC). Akre Capital Management Ltd Liability Corporation stated it has 5.53% in SBA Communications Corporation (NASDAQ:SBAC). Australia-based Magellan Asset Management has invested 0.06% in SBA Communications Corporation (NASDAQ:SBAC).

Since March 12, 2018, it had 1 buying transaction, and 3 sales for $2.46 million activity. $346,947 worth of stock was sold by Krouse George R Jr on Thursday, May 17. SILBERSTEIN JASON V sold $500,068 worth of SBA Communications Corporation (NASDAQ:SBAC) on Thursday, May 17. 10,617 shares valued at $1.70 million were sold by Ciarfella Mark R on Tuesday, June 5.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Coverage

Among 9 analysts covering SBA Comms (NASDAQ:SBAC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. SBA Comms has $200.0 highest and $170 lowest target. $181.56’s average target is 16.11% above currents $156.37 stock price. SBA Comms had 11 analyst reports since January 17, 2018 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, February 27. As per Thursday, May 31, the company rating was maintained by Morgan Stanley. The rating was maintained by Guggenheim on Wednesday, January 17 with “Buy”. The rating was maintained by Jefferies on Tuesday, February 27 with “Buy”. On Tuesday, February 27 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Citigroup on Wednesday, February 28 with “Neutral”. As per Friday, March 16, the company rating was maintained by Morgan Stanley. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Market Perform” rating by Wells Fargo on Tuesday, February 27. As per Tuesday, February 27, the company rating was maintained by Guggenheim. Cowen & Co maintained the shares of SBAC in report on Tuesday, February 27 with “Buy” rating. Below is a list of SBA Communications Corporation (NASDAQ:SBAC) latest ratings and price target changes.

31/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $182 New Target: $180 Maintain
16/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $190 New Target: $182 Maintain
27/02/2018 Broker: Guggenheim Rating: Buy New Target: $190.0 Maintain
27/02/2018 Broker: Cowen & Co Rating: Buy New Target: $175.0 Maintain
27/02/2018 Broker: Jefferies Rating: Buy New Target: $200.0 Maintain
28/02/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $168 New Target: $183 Maintain
27/02/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $150 New Target: $170 Maintain
27/02/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $164 New Target: $170 Maintain
27/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $192 New Target: $188 Maintain
17/01/2018 Broker: Barclays Capital Rating: Buy New Target: $178.0

The stock decreased 2.72% or $4.38 during the last trading session, reaching $156.37. About 656,683 shares traded. SBA Communications Corporation (NASDAQ:SBAC) has risen 16.50% since June 14, 2017 and is uptrending. It has outperformed by 3.93% the S&P500.

SBA Communications Corporation operates as a real estate investment trust. The company has market cap of $18.01 billion. The firm operates through two divisions, Site Leasing and Site Development. It has a 181.83 P/E ratio. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications.

More recent SBA Communications Corporation (NASDAQ:SBAC) news were published by: Seekingalpha.com which released: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q1 2018 Update” on May 25, 2018. Also Globenewswire.com published the news titled: “Report: Exploring Fundamental Drivers Behind PDC Energy, Black Stone Minerals, BJ’s Restaurants, Karyopharm …” on May 30, 2018. Seekingalpha.com‘s news article titled: “Cell Tower REITs: Mission Critical For The Future” with publication date: June 04, 2018 was also an interesting one.

SBA Communications Corporation (NASDAQ:SBAC) Ratings Chart

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