Shaw Communications Inc. (SJR) Receives Consensus Rating of “Hold” from Analysts
Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.00.
Several analysts recently weighed in on the company. BidaskClub cut Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, June 15th. National Bank Financial cut Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, June 28th. Finally, Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the stock a “hold” rating in a report on Monday, May 1st.
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A number of institutional investors have recently made changes to their positions in the stock. Greenleaf Trust boosted its position in shares of Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock valued at $233,000 after buying an additional 190 shares in the last quarter. Todd Asset Management LLC boosted its position in shares of Shaw Communications by 0.6% in the second quarter. Todd Asset Management LLC now owns 53,165 shares of the company’s stock valued at $1,159,000 after buying an additional 295 shares in the last quarter. Comerica Bank boosted its position in shares of Shaw Communications by 1.5% in the first quarter. Comerica Bank now owns 26,749 shares of the company’s stock valued at $570,000 after buying an additional 394 shares in the last quarter. Stonebridge Capital Management Inc. boosted its position in shares of Shaw Communications by 1.5% in the second quarter. Stonebridge Capital Management Inc. now owns 28,525 shares of the company’s stock valued at $622,000 after buying an additional 425 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Shaw Communications by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after buying an additional 439 shares in the last quarter. 53.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Shaw Communications (NYSE:SJR) remained flat at $21.92 on Friday. The company had a trading volume of 555,115 shares. The firm has a 50 day moving average price of $21.89 and a 200-day moving average price of $21.44. The stock has a market capitalization of $10.81 billion, a P/E ratio of 26.25 and a beta of 0.91. Shaw Communications has a 12-month low of $19.02 and a 12-month high of $23.31.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Wednesday, June 28th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.19. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. Analysts predict that Shaw Communications will post $1.05 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a $0.0744 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 annualized dividend and a yield of 4.08%. Shaw Communications’s dividend payout ratio is presently 118.75%.
Shaw Communications Company Profile
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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