Several other research firms have also recently commented on SJR. Zacks Investment Research raised shares of Shaw Communications from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 19th. Barclays boosted their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the company an equal weight rating in a research report on Friday, October 27th. TheStreet raised shares of Shaw Communications from a c rating to a b- rating in a research report on Monday, October 30th. Scotiabank cut shares of Shaw Communications from an outperform rating to a sector perform rating in a research report on Thursday, October 12th. Finally, Bank of America reaffirmed a neutral rating and issued a $32.00 price objective on shares of Shaw Communications in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $27.00.
Shares of Shaw Communications (NYSE:SJR) traded up $0.21 during midday trading on Thursday, hitting $21.78. 1,034,500 shares of the stock were exchanged, compared to its average volume of 725,933. The company has a market capitalization of $10,377.21, a PE ratio of 15.78, a price-to-earnings-growth ratio of 4.59 and a beta of 0.95. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. analysts forecast that Shaw Communications will post 0.95 EPS for the current fiscal year.
The firm 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 68.12%.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Shaw Communications by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock valued at $219,621,000 after buying an additional 468,447 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in Shaw Communications by 3.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock valued at $227,473,000 after buying an additional 368,387 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Shaw Communications by 107.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,165,209 shares of the company’s stock valued at $188,295,000 after buying an additional 4,235,803 shares during the last quarter. CIBC Asset Management Inc increased its stake in Shaw Communications by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company’s stock valued at $165,401,000 after buying an additional 234,868 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Shaw Communications by 93.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,467,795 shares of the company’s stock valued at $97,336,000 after buying an additional 2,157,463 shares during the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.
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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.
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