Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) has earned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.00.
A number of equities research analysts have recently commented on SJR shares. Desjardins raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. ValuEngine upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, March 20th. Echelon Wealth Partners restated a “buy” rating on shares of Shaw Communications in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada set a $30.00 target price on shares of Shaw Communications and gave the stock a “buy” rating in a research report on Wednesday, April 10th.
Large investors have recently bought and sold shares of the business. JCIC Asset Management Inc. raised its stake in shares of Shaw Communications by 34.8% in the 1st quarter. JCIC Asset Management Inc. now owns 4,335 shares of the company’s stock valued at $90,000 after acquiring an additional 1,120 shares during the period. Quadrant Capital Group LLC increased its stake in Shaw Communications by 259.6% during the 4th quarter. Quadrant Capital Group LLC now owns 5,628 shares of the company’s stock worth $97,000 after buying an additional 4,063 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Shaw Communications during the 4th quarter worth $122,000. Riverhead Capital Management LLC increased its stake in Shaw Communications by 69.9% during the 3rd quarter. Riverhead Capital Management LLC now owns 7,983 shares of the company’s stock worth $154,000 after buying an additional 3,283 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Shaw Communications during the 4th quarter worth $193,000. 51.99% of the stock is currently owned by institutional investors.
SJR stock traded up $0.18 during midday trading on Wednesday, reaching $20.67. The stock had a trading volume of 30,110 shares, compared to its average volume of 418,896. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 4.09 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.67. Shaw Communications has a 52-week low of $17.50 and a 52-week high of $21.50.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Tuesday, April 9th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Shaw Communications had a return on equity of 12.42% and a net margin of 8.42%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted ($0.33) EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts expect that Shaw Communications will post 1 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.074 per share. This represents a $0.89 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, June 13th. Shaw Communications’s dividend payout ratio is currently 76.27%.
About Shaw Communications
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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