Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) has been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.00.
Several analysts have commented on SJR shares. Canaccord Genuity restated a “hold” rating and issued a $28.00 price target on shares of Shaw Communications in a report on Thursday, April 13th. Zacks Investment Research upgraded 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. BidaskClub upgraded Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, 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.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after buying an additional 2,953 shares in the last quarter. Cutler Group LP raised its position in Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after buying an additional 5,900 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Shaw Communications during the first quarter valued at $204,000. Wetherby Asset Management Inc. bought a new position in Shaw Communications during the first quarter valued at approximately $205,000. Finally, US Bancorp DE raised its position in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after buying an additional 1,267 shares during the period. 53.24% of the stock is currently owned by institutional investors and hedge funds.
Shaw Communications (NYSE:SJR) traded up 1.78% on Monday, reaching $22.00. 671,674 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $22.03 and a 200-day moving average price of $21.41. Shaw Communications has a 1-year low of $19.02 and a 1-year high of $23.31. The company has a market capitalization of $10.85 billion, a PE ratio of 26.35 and a beta of 0.91.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. The company 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 was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities research analysts anticipate that Shaw Communications will post $1.06 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a $0.0744 dividend. This represents a $0.89 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 14th. Shaw Communications’s dividend payout ratio is currently 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.
What are top analysts saying about Shaw Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Shaw Communications Inc. and related companies.