Today: The FY2016 Earnings Estimate for Shaw Communications Inc. Issued By Cormark (SJR)

The FY2016 Earnings Estimate for Shaw Communications Inc. Issued By Cormark (SJR)

Shaw Communications Inc. (NYSE:SJR) – Stock analysts at Cormark decreased their FY2016 earnings estimates for shares of Shaw Communications in a research report issued to clients and investors on Wednesday. Cormark analyst D. Mcfadgen now anticipates that the firm will earn $0.89 per share for the year, down from their previous estimate of $0.92. Cormark also issued estimates for Shaw Communications’ FY2017 earnings at $0.96 EPS and FY2018 earnings at $1.01 EPS.

Several other brokerages have also recently weighed in on SJR. Bank of America Corp. started coverage on Shaw Communications in a report on Tuesday, July 5th. They set an “underperform” rating on the stock. Scotiabank reiterated an “outperform” rating and issued a $29.00 price objective (down from $30.00) on shares of Shaw Communications in a report on Tuesday, July 19th. National Bank Financial upgraded Shaw Communications from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $24.50 to $27.00 in a report on Monday, July 11th. Zacks Investment Research upgraded Shaw Communications from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Shaw Communications in a report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.13.

Shaw Communications (NYSE:SJR) opened at 19.81 on Monday. The stock has a market capitalization of $9.58 billion, a P/E ratio of 9.55 and a beta of 0.78. Shaw Communications has a one year low of $15.66 and a one year high of $21.41. The stock has a 50 day moving average price of $19.97 and a 200-day moving average price of $19.51.

Several hedge funds have recently bought and sold shares of the company. Barclays PLC raised its stake in Shaw Communications by 21.5% in the first quarter. Barclays PLC now owns 248,593 shares of the company’s stock worth $4,723,000 after buying an additional 44,064 shares in the last quarter. Legal & General Group Plc raised its stake in Shaw Communications by 1.8% in the first quarter. Legal & General Group Plc now owns 1,829,908 shares of the company’s stock worth $35,497,000 after buying an additional 32,894 shares in the last quarter. AMP Capital Investors Ltd raised its stake in Shaw Communications by 38.0% in the first quarter. AMP Capital Investors Ltd now owns 160,903 shares of the company’s stock worth $3,141,000 after buying an additional 44,265 shares in the last quarter. Renaissance Technologies LLC raised its stake in Shaw Communications by 51.4% in the first quarter. Renaissance Technologies LLC now owns 980,166 shares of the company’s stock worth $18,927,000 after buying an additional 332,766 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Shaw Communications by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,294,321 shares of the company’s stock worth $24,993,000 after buying an additional 117,652 shares in the last quarter. 51.75% of the stock is currently owned by institutional investors and hedge funds.

Shaw Communications Company Profile

Related posts

Leave a Comment