Shaw Communications Inc (SJR) Receives Consensus Rating of “Hold” from Brokerages
Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $27.33.
SJR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 19th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Barclays lifted their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Bank of America restated a “neutral” rating and set a $32.00 target price on shares of Shaw Communications in a research note on Tuesday, December 5th.
Shaw Communications (SJR) traded up $0.21 on Monday, hitting $21.78. 1,034,500 shares of the company were exchanged, compared to its average volume of 725,933. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44. The stock has a market cap of $10,950.00, a PE ratio of 23.17, a price-to-earnings-growth ratio of 4.59 and a beta of 0.96.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, October 26th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. equities research analysts anticipate that Shaw Communications will post 0.95 EPS for the current year.
The business also recently declared a jan 18 dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 15th will be paid a $0.0988 dividend. Shaw Communications’s payout ratio is currently 100.00%.
A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its stake in Shaw Communications by 0.4% in the 2nd quarter. Northern Trust Corp now owns 423,151 shares of the company’s stock worth $9,221,000 after purchasing an additional 1,884 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Shaw Communications by 3.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 74,568 shares of the company’s stock worth $1,714,000 after purchasing an additional 2,591 shares in the last quarter. Voya Investment Management LLC lifted its stake in Shaw Communications by 10.2% in the 2nd quarter. Voya Investment Management LLC now owns 30,276 shares of the company’s stock worth $659,000 after purchasing an additional 2,794 shares in the last quarter. Advisor Group Inc. lifted its stake in Shaw Communications by 170.3% in the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after purchasing an additional 2,953 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in Shaw Communications by 2.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 136,210 shares of the company’s stock worth $3,130,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 52.48% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Shaw Communications Inc (SJR) Receives Consensus Rating of “Hold” from Brokerages” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2018/01/15/shaw-communications-inc-sjr-receives-consensus-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.