Shaw Communications - SJR Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shaw Communications in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SJR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SJR, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued twelve-month price objectives for Shaw Communications' shares. Their SJR share price forecasts range from $40.50 to $40.50. On average, they expect the company's share price to reach $40.50 in the next year. This suggests a possible upside of 41.0% from the stock's current price.
View analysts price targets for SJR or view top-rated stocks among Wall Street analysts.

Shaw Communications' stock was trading at $28.78 at the beginning of the year. Since then, SJR stock has decreased by 0.2% and is now trading at $28.73.
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Shaw Communications saw a increase in short interest in March. As of March 15th, there was short interest totaling 4,020,000 shares, an increase of 33.6% from the February 28th total of 3,010,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is presently 3.2 days. Approximately 0.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our SJR earnings forecast.

Shaw Communications Inc. (NYSE:SJR) released its quarterly earnings results on Thursday, January, 12th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Shaw Communications had a trailing twelve-month return on equity of 11.70% and a net margin of 13.57%.

Shaw Communications declared a monthly dividend on Friday, February 17th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.074 per share on Thursday, March 30th. This represents a $0.89 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, March 14th. This is an increase from the stock's previous monthly dividend of $0.07.
Read our dividend analysis for SJR.

Shaw Communications (NYSE:SJR) pays an annual dividend of $0.87 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 76.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SJR will have a dividend payout ratio of 76.99% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SJR.

590 employees have rated Shaw Communications Chief Executive Officer Bradley S. Shaw on Glassdoor.com. Bradley S. Shaw has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shaw Communications investors own include AT&T (T), Realty Income (O), Verizon Communications (VZ), Pfizer (PFE), Wells Fargo & Company (WFC), AbbVie (ABBV), Intel (INTC), Johnson & Johnson (JNJ), STAG Industrial (STAG) and Enterprise Products Partners (EPD).

Shaw Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "SJR."

Shaw Communications' stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (4.21%), Bank of Montreal Can (2.95%), Bank of America Corp DE (2.86%), Bank of Nova Scotia (1.54%), Toronto Dominion Bank (1.47%) and TD Asset Management Inc (1.36%).

Shares of SJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SJR stock can currently be purchased for approximately $28.73.

Shaw Communications (NYSE:SJR) has a market capitalization of $13.73 billion and generates $4.28 billion in revenue each year. The company earns $600.66 million in net income (profit) each year or $1.14 on an earnings per share basis.

The company employs 9,400 workers across the globe.

Shaw Communications' mailing address is 630 - 3rd Avenue S.W Suite 900, Calgary A0, T2P 4L4. The official website for the company is www.shaw.ca. The company can be reached via phone at (403) 750-4500.