Shaw Communications - SJR Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shaw Communications in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.
View SJR analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1-year price targets for Shaw Communications' stock. Their SJR share price forecasts range from $40.50 to $40.50. On average, they expect the company's stock price to reach $40.50 in the next twelve months. This suggests a possible upside of 36.7% 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 2023. Since then, SJR shares have increased by 2.9% and is now trading at $29.62.
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Shaw Communications saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 3,020,000 shares, a decline of 27.4% from the December 31st total of 4,160,000 shares. Based on an average trading volume of 970,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.7% of the company's stock are short sold.
View Shaw Communications' Short Interest.

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

Shaw Communications declared a monthly dividend on Monday, January 30th. Investors of record on Wednesday, February 15th will be paid a dividend of $0.073 per share on Monday, February 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, February 14th.
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 2.95%. 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 76.32% 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 institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (2.95%), National Bank of Canada FI (0.78%), Montrusco Bolton Investments Inc. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), DekaBank Deutsche Girozentrale (0.14%) and Addenda Capital Inc. (0.11%).

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 $29.62.

Shaw Communications (NYSE:SJR) has a market capitalization of $14.14 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.