Shaw Communications - SJR Stock Forecast, Price & News

6 Wall Street equities research 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 equities 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.
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6 Wall Street analysts have issued 1-year price targets for Shaw Communications' shares. Their SJR share price forecasts range from $40.50 to $40.50. On average, they predict the company's stock price to reach $40.50 in the next twelve months. This suggests a possible upside of 35.9% 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 on January 1st, 2023. Since then, SJR shares have increased by 3.5% and is now trading at $29.80.
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Shaw Communications saw a decrease in short interest in January. As of January 15th, there was short interest totaling 3,020,000 shares, a decrease of 27.4% from the December 31st total of 4,160,000 shares. Based on an average daily volume of 970,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.7% of the shares of the 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) released its quarterly earnings data on Thursday, January, 12th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.02. The firm 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 announced a monthly dividend on Monday, January 30th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.073 per share on Monday, February 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.94%. 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 2.93%. 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 a number of institutional and retail investors. Top institutional investors 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 $29.80.

Shaw Communications (NYSE:SJR) has a market capitalization of $14.23 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.