Analysts at Morgan Stanley Maintain their “Overweight” rating for SBA Communications (SBAC) with $190 TP; Stewart & Patten Co Raised Its Colgate Palmolive (CL) Holding

November 14, 2017 - By Michael Collier

Among 15 analysts covering SBA Communications (NASDAQ:SBAC), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. SBA Communications has $179 highest and $102 lowest target. $153’s average

target is -7.38% below currents $165.2 stock price. SBA Communications had 41 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Monday, January 4 by Citigroup. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Outperform” rating by Raymond James on Monday, June 12. Cowen & Co maintained SBA Communications Corporation (NASDAQ:SBAC) rating on Tuesday, October 17. Cowen & Co has “Buy” rating and $147.0 target. The rating was initiated by UBS on Wednesday, October 18 with “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, May 3 report. The firm earned “Buy” rating on Monday, July 11 by Citigroup. The rating was initiated by Stifel Nicolaus with “Hold” on Wednesday, August 26. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Overweight” rating by Barclays Capital on Tuesday, August 1. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Tuesday, April 11 by Guggenheim. As per Wednesday, September 27, the company rating was upgraded by KeyBanc Capital Markets.

Stewart & Patten Co Llc increased Colgate Palmolive (CL) stake by 22.94% reported in 2017Q2 SEC filing. Stewart & Patten Co Llc acquired 20,583 shares as Colgate Palmolive (CL)’s stock rose 3.95%. The Stewart & Patten Co Llc holds 110,289 shares with $8.18M value, up from 89,706 last quarter. Colgate Palmolive now has $64.72 billion valuation. It closed at $73.7 lastly. It is down 6.23% since November 14, 2016 and is uptrending. It has underperformed by 10.47% the S&P500.

Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on February, 26. They expect $0.22 earnings per share, up 450.00% or $0.18 from last year’s $0.04 per share. SBAC’s profit will be $25.86M for 187.73 P/E if the $0.22 EPS becomes a reality. After $0.26 actual earnings per share reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

Investors sentiment increased to 0.09 in 2017 Q2. Its up 0.07, from 0.02 in 2017Q1. It increased, as 7 investors sold SBA Communications Corporation shares while 4 reduced holdings. 1 funds opened positions while 0 raised stakes. 3.25 million shares or 9.34% less from 3.59 million shares in 2017Q1 were reported. Peregrine Asset Advisers holds 3,000 shares or 0.26% of its portfolio. Akre Cap Mngmt Limited holds 2.47M shares. Cibc Ww Corporation stated it has 0.04% in SBA Communications Corporation (NASDAQ:SBAC). Cap Wealth Planning Ltd Liability Co reported 0.3% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC). Broad Run Mngmt Limited Com reported 0.24% stake. Bb&T Securities Lc reported 8,388 shares. Adams Diversified Equity Fund holds 46,800 shares or 0.36% of its portfolio. Permit Capital Ltd Liability Company reported 639,549 shares stake.

Since May 17, 2017, it had 0 insider purchases, and 3 selling transactions for $7.93 million activity. SILBERSTEIN JASON V also sold $6.67M worth of SBA Communications Corporation (NASDAQ:SBAC) on Thursday, May 25. STOOPS JEFFREY also sold $12.61 million worth of SBA Communications Corporation (NASDAQ:SBAC) shares. LANGER JACK sold $1.23M worth of stock. Shares for $25,886 were sold by Krouse George R Jr on Friday, June 2. $460,577 worth of SBA Communications Corporation (NASDAQ:SBAC) was sold by CARR BRIAN C.

It closed at $165.2 lastly. It is down 36.29% since November 14, 2016 and is uptrending. It has outperformed by 19.59% the S&P500.

Investors sentiment increased to 0.9 in Q2 2017. Its up 0.08, from 0.82 in 2017Q1. It is positive, as 47 investors sold CL shares while 453 reduced holdings. 92 funds opened positions while 359 raised stakes. 617.46 million shares or 0.79% less from 622.36 million shares in 2017Q1 were reported. Harbour Mngmt Lc holds 0.92% or 17,050 shares. Peapack Gladstone stated it has 0% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Public Employees Retirement Association Of Colorado holds 0.54% or 980,939 shares. 25,225 were reported by Walter And Keenan Consulting Co Mi Adv. Northern Trust Corporation invested in 0.22% or 10.55 million shares. 42,718 were reported by Bragg Finance Advsr. Solutions Limited Com holds 0% or 200 shares. Country Club Tru Na holds 0.04% or 3,566 shares. Of Vermont invested in 53,130 shares. Wendell David Associates holds 208,459 shares or 2.91% of its portfolio. Meiji Yasuda Asset Management Limited holds 0.49% or 64,290 shares. Folger Nolan Fleming Douglas Mngmt invested 0.13% in Colgate-Palmolive Company (NYSE:CL). Transamerica Fin Advsr stated it has 0.29% of its portfolio in Colgate-Palmolive Company (NYSE:CL). San Francisco Sentry Inv Group (Ca) has 12,086 shares for 0.32% of their portfolio. Regions Finance has invested 0.15% in Colgate-Palmolive Company (NYSE:CL).

Stewart & Patten Co Llc decreased Union Pacific Corp (NYSE:UNP) stake by 4,999 shares to 66,420 valued at $7.23 million in 2017Q2. It also reduced Stryker Corp. (NYSE:SYK) stake by 4,757 shares and now owns 112,622 shares. Xcel Energy Inc. (NYSE:XEL) was reduced too.

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