Shaw Communications’s “Sector Outperform” Rating Reaffirmed at CIBC (SJR)
Shaw Communications (NYSE:SJR)‘s stock had its “sector outperform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. They currently have a $26.00 price target on the stock. CIBC’s price target would indicate a potential upside of 10.22% from the company’s current price.
Shares of Shaw Communications (NYSE:SJR) traded up 0.51% on Friday, hitting $23.59. 264,392 shares of the company’s stock traded hands. Shaw Communications has a 52 week low of $20.40 and a 52 week high of $25.46. The stock’s 50-day moving average is $24.28 and its 200-day moving average is $23.62. The company has a market cap of $10.623 billion and a P/E ratio of 13.77.
Shaw Communications (NYSE:SJR) last announced its earnings results on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.09. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
The company also recently announced a monthly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.08 per share. This represents a $0.99 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, February 12th.
A number of other analysts have also recently weighed in on SJR. Analysts at BMO Capital Markets cut their price target on shares of Shaw Communications from $26.00 to $25.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Shaw Communications has a consensus rating of “Hold” and a consensus target price of $24.65.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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