Shaw Communications Inc. (SJR) Receives Average Recommendation of “Hold” from Analysts
Shaw Communications Inc. (NYSE:SJR) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.00.
Several research firms recently commented on SJR. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Monday, September 19th. TD Securities reaffirmed a “buy” rating and issued a $29.00 price target on shares of Shaw Communications in a report on Thursday, November 3rd. BMO Capital Markets reaffirmed a “hold” rating on shares of Shaw Communications in a report on Monday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and issued a $27.00 price target (up previously from $26.00) on shares of Shaw Communications in a report on Thursday, November 3rd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Shaw Communications in a report on Thursday, November 3rd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJR. Canada Pension Plan Investment Board raised its position in Shaw Communications by 0.4% in the first quarter. Canada Pension Plan Investment Board now owns 7,272 shares of the company’s stock valued at $141,000 after buying an additional 28 shares in the last quarter. US Bancorp DE raised its position in Shaw Communications by 63.4% in the second quarter. US Bancorp DE now owns 7,867 shares of the company’s stock valued at $151,000 after buying an additional 3,053 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Shaw Communications during the second quarter valued at approximately $216,000. Eqis Capital Management Inc. purchased a new position in Shaw Communications during the second quarter valued at approximately $218,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Shaw Communications during the second quarter valued at approximately $266,000. Institutional investors and hedge funds own 51.85% of the company’s stock.
Shares of Shaw Communications (NYSE:SJR) opened at 19.26 on Wednesday. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 10.29 and a beta of 0.93. Shaw Communications has a 12 month low of $15.66 and a 12 month high of $21.08. The firm’s 50-day moving average price is $19.92 and its 200-day moving average price is $19.59.
Shaw Communications (NYSE:SJR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.31 EPS 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $968.39 million. During the same period in the previous year, the company earned $0.57 EPS. Shaw Communications’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that Shaw Communications will post $0.94 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Monday, February 27th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.0738 per share. The ex-dividend date is Monday, February 13th. This represents a $0.89 annualized dividend and a dividend yield of 4.60%. Shaw Communications’s dividend payout ratio is currently 46.32%.
About Shaw Communications
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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