Analysts Set Shaw Communications Inc. (NYSE:SJR) PT at $25.43
Shaw Communications Inc. (NYSE:SJR) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.43.
Several equities analysts have issued reports on SJR shares. Bank of America Corp. started coverage on Shaw Communications in a report on Tuesday, July 5th. They set an “underperform” rating on the stock. Zacks Investment Research lowered Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Scotiabank reaffirmed an “outperform” rating and set a $29.00 price objective (down previously from $30.00) on shares of Shaw Communications in a report on Tuesday, July 19th. National Bank Financial raised Shaw Communications from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $24.50 to $27.00 in a report on Monday, July 11th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $25.00 price objective on shares of Shaw Communications in a report on Tuesday, July 19th.
A number of large investors have recently made changes to their positions in SJR. Advisory Services Network LLC raised its stake in shares of Shaw Communications by 20.2% in the third quarter. Advisory Services Network LLC now owns 22,353 shares of the company’s stock worth $457,000 after buying an additional 3,764 shares in the last quarter. Carnick & Kubik Group LLC acquired a new stake in shares of Shaw Communications during the second quarter worth $502,000. Tobam raised its stake in shares of Shaw Communications by 117.0% in the second quarter. Tobam now owns 174,900 shares of the company’s stock worth $3,340,000 after buying an additional 94,300 shares in the last quarter. Stifel Financial Corp raised its stake in shares of 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 in the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Shaw Communications by 9.6% in the second quarter. Mawer Investment Management Ltd. now owns 6,542,722 shares of the company’s stock worth $162,260,000 after buying an additional 573,595 shares in the last quarter. 51.86% of the stock is currently owned by institutional investors.
Shaw Communications (NYSE:SJR) opened at 19.99 on Wednesday. The company has a 50-day moving average price of $20.11 and a 200-day moving average price of $19.43. The firm has a market cap of $9.67 billion, a PE ratio of 9.52 and a beta of 0.78. Shaw Communications has a 12-month low of $15.66 and a 12-month high of $21.41.
Shaw Communications (NYSE:SJR) last issued its quarterly earnings data on Friday, July 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.24. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Shaw Communications had a return on equity of 12.21% and a net margin of 26.04%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. On average, equities analysts predict that Shaw Communications will post $0.87 earnings per share for the current year.
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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