BMO Capital Markets restated their hold rating on shares of Shaw Communications (NYSE:SJR) (TSE:SJR.B) in a research note issued to investors on Monday morning, AnalystRatings.com reports. The brokerage currently has a $28.00 target price on the stock.
A number of other equities analysts have also weighed in on SJR. Canaccord Genuity raised shares of Shaw Communications from a hold rating to a buy rating in a research note on Monday, July 22nd. TheStreet lowered shares of Shaw Communications from a b- rating to a c+ rating in a research note on Tuesday, August 27th. Finally, Desjardins reaffirmed a buy rating on shares of Shaw Communications in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $27.00.
NYSE SJR traded down $0.22 on Monday, reaching $20.03. The company had a trading volume of 18,789 shares, compared to its average volume of 413,442. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.76. Shaw Communications has a 1-year low of $17.50 and a 1-year high of $21.08. The company’s fifty day moving average is $19.40 and its 200-day moving average is $20.13.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, June 27th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Shaw Communications had a net margin of 14.42% and a return on equity of 12.54%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) EPS. On average, research analysts forecast that Shaw Communications will post 1.1 earnings per share for the current year.
The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, September 12th. Shaw Communications’s dividend payout ratio is 76.27%.
Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in shares of Shaw Communications during the 1st quarter worth about $31,000. Pacer Advisors Inc. acquired a new stake in Shaw Communications in the 2nd quarter valued at about $32,000. Cutler Group LP acquired a new stake in Shaw Communications in the 1st quarter valued at about $35,000. Signaturefd LLC lifted its stake in Shaw Communications by 53.2% in the 2nd quarter. Signaturefd LLC now owns 3,707 shares of the company’s stock valued at $76,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Shaw Communications in the 1st quarter valued at about $90,000. Institutional investors own 55.12% of the company’s stock.
Shaw Communications Company Profile
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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