Shaw Communications Inc. (SJR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $27.00.
A number of equities analysts have recently weighed in on SJR shares. Citigroup Inc. started coverage on shares of Shaw Communications in a research note on Thursday, April 6th. They set a “sell” rating on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $28.00 price target on shares of Shaw Communications in a research note on Thursday, April 13th. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, June 15th. BidaskClub raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, National Bank Financial cut shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th.
Large investors have recently added to or reduced their stakes in the company. Cutler Group LP increased its stake in Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock worth $141,000 after buying an additional 5,900 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in Shaw Communications during the first quarter worth approximately $204,000. Wetherby Asset Management Inc. bought a new stake in Shaw Communications during the first quarter worth approximately $205,000. US Bancorp DE increased its stake in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after buying an additional 1,267 shares during the period. Finally, Greenleaf Trust increased its stake in Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock worth $233,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 52.34% of the company’s stock.
Shares of Shaw Communications (SJR) traded up 0.36% during midday trading on Monday, hitting $22.26. 462,486 shares of the stock traded hands. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 26.88 and a beta of 0.91. Shaw Communications has a 52-week low of $19.02 and a 52-week high of $23.31. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $21.29.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company posted $0.11 EPS. Shaw Communications’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Shaw Communications will post $1.06 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a $0.0744 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a dividend yield of 4.01%. Shaw Communications’s dividend payout ratio is presently 113.75%.
About Shaw Communications
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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