SBA Communications Price Target and Analyst Ratings 2023 NASDAQ:SBAC

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ https://1investing.in/ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Plus, SBAC info will be updated daily in your Zacks.com Portfolio Tracker – also free.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Barchart Technical Opinion

Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a  Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. SBA Communications issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.71 billion-$2.75 billion, compared to the consensus revenue estimate of $2.71 billion.

Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Public Storage’s (PSA) Q1 results reflect an improvement types of utility in economics in the realized annual rent per available square foot, aiding revenue growth. 247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com.

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The consensus rating for SBA Communications is Moderate Buy while the average consensus rating for finance companies is Hold. Sign-up to receive the latest news and ratings for SBAC and its competitors with MarketBeat’s FREE daily newsletter. OUTFRONT Media’s (OUT) Q1 earnings fall short of estimates on higher operating expenses and interest expenses. American Tower is a growth stock, quite literally built on a foundation of solid rock. Here are three of the best reasons to own this stock today. The technique has proven to be very useful for finding positive surprises.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023. Sign-up to receive the latest news and ratings for SBA Communications and its competitors with MarketBeat’s FREE daily newsletter. Over the previous 90 days, SBA Communications’s stock had 1 downgrade by analysts. Analysts like SBA Communications more than other Finance companies.

Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. According to analysts, SBA Communications’s stock has a predicted upside of 23.79% based on their 12-month price targets.

SBA Communications Return vs. S&P

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.95%…. What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down… That’s not all wine and roses for the infrastructure companies, but a major source of uncertainty is going away. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

Based on an average trading volume of 924,400 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.3% of the shares of the company are short sold. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

Related Stocks

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success.

SBA Communications Corp (SBAC) stock is down -31.30% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives SBAC stock a score of 31 out of a possible 100. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. SBA Communications Corp ( SBAC , Financial) is a leading player in the Real Estate Investment Trusts (REITs) industry.

News

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 19 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for SBA Communications in the last year. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock.

• InvestorsObserver’s proprietary ranking system, gives SBAC stock a score of 31 out of a possible 100.
• Upgrade to MarketBeat All Access to add more stocks to your watchlist.
• Here are three of the best reasons to own this stock today.
• The company provided earnings per share guidance of for the period.
• It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
• The monthly returns are then compounded to arrive at the annual return.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

To come up with the companies, he reviewed the S&P 500’s new 52-week low list. When the latest bull market began cooling off amid a declining economy, soaring inflation and rising interest rates, many value investors started looking for bargains. One share of SBAC stock can currently be purchased for approximately $218.82. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Jeffrey A. Stoops has an approval rating of 99% among the company’s employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. SBA Communications announced a quarterly dividend on Sunday, July 30th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.85 per share on Wednesday, September 20th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.55%.

• What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down…
• 247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com.
• Plus, SBAC info will be updated daily in your Zacks.com Portfolio Tracker – also free.
• These returns cover a period from January 1, 1988 through July 31, 2023.

SBA Communications’ (SBAC) Q1 results reflect year-over-year site-leasing revenue growth on healthy leasing activity amid elevated tower space demand. Extra Space Storage’s (EXR) Q1 results reflect lower-than-anticipated revenues on lower occupancy levels. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. SBA Communications’ stock is owned by many different institutional and retail investors.

As of August 1, 2023, the company’s stock price stands at $229.24, with a market … SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites in 16 markets throughout the Americas, Africa and the Philippines, SBA is listed on NASDAQ under the symbol SBAC.