Todays Report: The Shaw Communications’ (SJR) “Hold” Rating Reaffirm at Canaccord Genuity

The Shaw Communications’ (SJR) “Hold” Rating Reaffirm at Canaccord Genuity

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity in a research note issued on Wednesday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Shaw Communications from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. TD Securities restated a “buy” rating and set a $28.00 price objective on shares of Shaw Communications in a research report on Tuesday, July 19th. Scotiabank restated an “outperform” rating and set a $29.00 price objective (down from $30.00) on shares of Shaw Communications in a research report on Tuesday, July 19th. BMO Capital Markets restated a “hold” rating on shares of Shaw Communications in a research report on Monday, July 18th. Finally, National Bank Financial upgraded Shaw Communications from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $24.50 to $27.00 in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.13.

Shares of Shaw Communications (NYSE:SJR) traded up 0.26% during trading on Wednesday, reaching $19.54. The company’s stock had a trading volume of 142,176 shares. The firm has a market cap of $9.50 billion, a PE ratio of 10.52 and a beta of 0.93. The company’s 50 day moving average price is $19.72 and its 200 day moving average price is $19.66. Shaw Communications has a 12 month low of $15.66 and a 12 month high of $21.08.

Shaw Communications (NYSE:SJR) last released its earnings results on Wednesday, November 2nd. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $968.39 million. Shaw Communications had a net margin of 23.90% and a return on equity of 11.74%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities analysts predict that Shaw Communications will post $0.94 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Monday, February 27th. Stockholders of record on Wednesday, February 15th will be paid a $0.0738 dividend. The ex-dividend date is Monday, February 13th. This represents a $0.89 annualized dividend and a dividend yield of 4.53%. Shaw Communications’s payout ratio is 46.32%.

Large investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in Shaw Communications during the second quarter valued at approximately $152,929,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Shaw Communications by 1.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,182,741 shares of the company’s stock valued at $22,600,000 after buying an additional 16,497 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Shaw Communications by 2,016.2% in the second quarter. CIBC Asset Management Inc now owns 4,083,238 shares of the company’s stock valued at $78,001,000 after buying an additional 3,890,289 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in Shaw Communications by 1.0% in the second quarter. Cidel Asset Management Inc. now owns 898,445 shares of the company’s stock valued at $17,128,000 after buying an additional 8,752 shares in the last quarter. Finally, Legal & General Group Plc boosted 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 valued at $35,497,000 after buying an additional 32,894 shares in the last quarter. 53.20% of the stock is owned by institutional investors.

Shaw Communications Company Profile

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