Shaw Communications Inc. (SJR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) have earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the company. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $28.00.
A number of equities research analysts recently weighed in on SJR shares. RBC Capital Markets upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $29.00 in a report on Monday. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research report on Monday, September 19th. Scotiabank reissued an “outperform” rating and set a $29.00 target price on shares of Shaw Communications in a research report on Thursday, November 3rd. Barclays PLC reissued an “equal weight” rating and set a $27.00 target price (up previously from $26.00) on shares of Shaw Communications in a research report on Thursday, November 3rd. Finally, Desjardins downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Wednesday, December 21st. They noted that the move was a valuation call.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in Shaw Communications by 63.4% in the second quarter. US Bancorp DE now owns 7,867 shares of the company’s stock worth $151,000 after buying an additional 3,053 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Shaw Communications during the second quarter worth approximately $216,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Shaw Communications during the second quarter worth approximately $266,000. Stifel Financial Corp boosted its stake in Shaw Communications by 1.4% in the second quarter. Stifel Financial Corp now owns 14,154 shares of the company’s stock worth $272,000 after buying an additional 197 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Shaw Communications during the second quarter worth approximately $310,000. 52.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Shaw Communications (NYSE:SJR) traded up 0.85% on Friday, hitting $21.25. 190,828 shares of the stock traded hands. Shaw Communications has a 52-week low of $15.66 and a 52-week high of $21.45. The stock’s 50 day moving average price is $20.20 and its 200 day moving average price is $19.93. The stock has a market cap of $10.33 billion, a P/E ratio of 11.22 and a beta of 0.92.
Shaw Communications (NYSE:SJR) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. Shaw Communications had a net margin of 23.90% and a return on equity of 11.74%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $968.39 million. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts expect that Shaw Communications will post $0.98 EPS for the current fiscal year.
The company also recently disclosed a jan 17 dividend, which will be paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th will be given a $0.0988 dividend. Shaw Communications’s payout ratio is currently 46.32%.
Shaw Communications Company Profile
Shaw Communications Inc (Shaw) is a communication company. The Company’s operating segments are Consumer, Business Network Services, Business Infrastructure Services and Media. The Consumer division provides cable telecommunications services, including video, Internet, wireless fidelity (WiFi) and digital phone, and satellite video to Canadian consumers.
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