Shaw Communications Inc. (SJR) Stock Forecast & Predictions

Shaw Communications Inc. - Class B SJR: $29.77

Ste 900, Calgary, Alberta, Canada. | Sector: Information | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: www.shaw.ca

  • Market Cap$14.18B
  • Change (52 Weeks)83.22%
  • Low (52 Weeks)$15.34
  • Shaw Communications Inc. (SJR) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Shaw Communications Inc. (SJR) stock price is $29.77 and the 52 weeks low is $15.34, which means the Shaw Communications Inc. stock price is up 83.22% in the last 12 months.

    Shaw Communications Inc. (SJR) Stock Price has been Trending Strongly with an ADX reading of 34.13 as per the Weekly Chart.

    A Upward trend indicates that Shaw Communications Inc. (SJR) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that SJR Stock price might rise further, 18.75% indicating that SJR Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall SJR stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Shaw Communications Inc. (SJR) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Shaw Communications Inc. (SJR) is based on 20 Institutional Analyst Ratings where 45.00% are on Strong Buy, 30.00% on Moderate Buy, 25.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 20 Institutional Analysts, majority recommended SJR stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Shaw Communications Inc..

    Shaw Communications Inc. (SJR) Stock Price Prediction By Analysts


    HighLowAverage
    $22.26$21.42$21.63
    $21.6327.35% Downside
    Updated: 2021-05-25 00:00:00

    The Average Price target for SJR set by the institutional analysts is $21.63 where High Estimate is $22.26, Median $21.6278046 and Low $21.42.

    The average price target for SJR by Institutional Analysts is $21.63, which is 27.35% Downside from the current price. So according to the Institutional Analysts, SJR Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Shaw Communications Inc. (SJR) Stock Forecast Based on News Sentiment


    Bullish
    Based on 1 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about SJR, it shows that Shaw Communications Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that SJR stock price may surge in the next few weeks.

    Shaw Communications Inc. (SJR) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    RBC CapitalSector PerformMaintained
    Cormark SecuritiesBuyUpgraded
    RBC CapitalSector PerformUpgraded
    SbankUpgraded
    RBC CapitalSector PerformUpgraded
    National BanksharesOutperformUpgraded
    National BankOutperformUpgraded
    Canaccord GenuityUpgraded
    TD SecuritiesAction List BuyUpgraded
    BMO Capital MarketsOutperformDowngraded
    SbankDowngraded
    SbankDowngraded
    Cormark SecuritiesUpgraded
    BarclaysEqual-WeightInitiated
    National Bank FinancialOutperformUpgraded
    TD SecuritiesAction List BuyDowngraded
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsDowngraded
    BMO CapitalMarket PerformMaintained
    SbankDowngraded
    National Bank FinancialOutperformUpgraded
    TD SecuritiesUpgraded
    CitigroupUpgraded
    CIBC World MarketsDowngraded
    TD SecuritiesBuyDowngraded
    BMO Capital MarketsDowngraded
    BMO Capital MarketsMarket PerformInitiated
    TD SecuritiesAction List BuyDowngraded
    CitigroupDowngraded
    RBC CapitalUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsUpgraded
    BarclaysUpgraded
    TD SecuritiesAction List BuyUpgraded
    TD SecuritiesAction List BuyUpgraded
    Cormark SecuritiesUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsDowngraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesAction List BuyDowngraded
    National Bank FinancialSector PerformDowngraded
    RBC CapitalOutperformDowngraded
    National Bank FinancialSector PerformUpgraded
    RBC CapitalOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    National Bank FinancialSector PerformUpgraded
    ScotiabankOutperformUpgraded
    SbankOutperformUpgraded
    Desjardins SecuritiesUpgraded
    Canaccord GenuityBuyUpgraded
    BMO Capital MarketsMarket PerformDowngraded
    BarclaysOverweightUpgraded
    National Bank FinancialSector PerformDowngraded
    SbankSector PerformDowngraded
    SbankSector PerformDowngraded
    National Bank FinancialSector PerformDowngraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialSector PerformDowngraded
    BarclaysEqual-WeightMaintained
    SbankSector PerformDowngraded
    CIBC World MarketsMaintained
    National Bank FinancialOutperformMaintained
    RBC CapitalOutperformMaintained
    Desjardins SecuritiesHoldMaintained
    Canaccord GenuityMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsMarket PerformMaintained
    CitigroupSellMaintained
    TD SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    RBC CapitalOutperformUpgraded
    Desjardins SecuritiesHoldDowngraded
    TD SecuritiesBuyMaintained
    Desjardins SecuritiesBuyMaintained
    BarclaysEqual WeightMaintained
    Desjardins SecuritiesMaintained
    National Bank FinancialMaintained
    Canaccord GenuityHoldMaintained
    National Bank FinancialOutperformUpgraded
    Bank of AmericaUnderperformInitiated
    TD SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual WeightMaintained
    Desjardins SecuritiesMaintained
    RBC CapitalMaintained
    TD SecuritiesMaintained
    National Bank FinancialSector PerformMaintained
    Desjardins SecuritiesHoldMaintained
    BarclaysEqual-WeightMaintained
    RBC CapitalMaintained
    Bank of AmericaBuyUpgraded
    RBC CapitalSector PerformMaintained
    CIBC World MarketsMaintained
    BarclaysEqual-WeightMaintained
    CIBC World MarketsSector PerformMaintained
    SbankOutperformMaintained
    CIBC World MarketsSector PerformMaintained
    Canaccord GenuityMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual-WeightMaintained
    TD SecuritiesHoldMaintained
    CIBC World MarketsOutperformMaintained
    Canaccord GenuityMaintained
    RBC CapitalSector PerformMaintained
    SbankSector OutperformMaintained
    RBC CapitalSector PerformMaintained
    National Bank FinancialUnderperformMaintained
    TD SecuritiesBuyMaintained
    SbankSector OutperformMaintained
    Desjardins SecuritiesOutperformMaintained
    Canaccord GenuitySellMaintained
    BarclaysEqual WeightMaintained
    RBC CapitalSector PerformMaintained
    National Bank FinancialSector PerformUpgraded
    National Bank FinancialUnderperformDowngraded
    CIBCSector PerformDowngraded
    Bank of AmericaNeutralDowngraded
    SbankMaintained
    BMO Capital MarketsAt Market PerformMaintained
    Euro Pacific CapitalHoldInitiated
    National Bank FinancialSector PerformUpgraded
    BMO CapitalMarket PerformDowngraded
    TD SecuritiesMaintained
    Desjardins SecuritiesMaintained
    Credit SuisseNeutralMaintained
    BMO Capital MarketsMaintained
    RBC CapitalSector PerformMaintained
    National Bank FinancialMaintained
    Canaccord GenuitySellMaintained
    BMO Capital MarketsMaintained
    BMO CapitalOutperformUpgraded
    National Bank FinancialUnderperformDowngraded
    MacquarieUnderperformDowngraded
    Bank of AmericaBuyMaintained
    RBC CapitalMaintained
    SbankMaintained
    Canaccord GenuityMaintained
    CIBC World MarketsSector OutperformMaintained
    Bank of AmericaBuyUpgraded
    Bank of AmericaNeutralDowngraded
    CIBC World MarketsMaintained
    TD SecuritiesMaintained
    Desjardins SecuritiesMaintained
    RBC CapitalSector PerformMaintained
    Credit SuisseNeutralMaintained
    UBSMaintained
    TD SecuritiesMaintained
    Stifel NicolausHoldDowngraded
    National Bank FinancialSector PerformInitiated
    Bank of AmericaBuyUpgraded
    BMO CapitalMarket PerformMaintained
    Stifel NicolausBuyMaintained

    Shaw Communications Inc. (SJR) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.335
    The average consensus EPS for SJR is $0.335 with a high estimate of $0.357 and Low of $0.304 for the period 2021-09-30 and based on 9 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.31$0.32398652021-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.43$0.34891252021-06-30
    $0.31$0.32398652021-03-31
    $0.34$0.318272020-12-31
    $0.35$0.306713399999999972020-09-30
    $0.32$0.332072000000000032020-06-30
    $0.31$0.344473200000000032020-03-31
    $0.32$0.31462382019-12-31
    $0.66$0.332690000000000042019-09-30
    $0.3$0.309947600000000052019-06-30
    $0.36$0.31874382019-03-31
    $0.42$0.365652018-12-31
    $-0.18$0.37136652018-09-30
    $0.5$0.28830732018-06-30
    $0.23$0.30016262018-03-31
    $0.3$0.29133552017-12-31
    $0.33$0.341496500000000042017-09-30
    $0.3$0.30955622017-06-30
    $0.29$0.333722016-12-31
    $0.11$0.361066499999999962016-09-30
    $0.24$0.3531872016-06-30
    $0.43$0.495944999999999972016-03-31
    $0.34$0.427532400000000032015-12-31
    $0.45$0.51163192015-09-30
    $0.39$0.40304932015-06-30
    $0.46$0.52754539999999992015-03-31
    $0.4$0.38359262014-12-31
    $0.47$0.50139372014-09-30
    $0.4$0.42002372014-06-30
    $0.51$0.507792014-03-31
    $0.24$0.340932013-12-31
    $0.52$0.46383992013-09-30
    $0.38$0.3757442013-06-30
    $0.49$0.46753762013-03-31
    $0.28$0.28792622012-12-31
    $0.53$0.448348700000000042012-09-30
    $0.38$0.38698132012-06-30
    $0.46$0.48231812012-03-31
    $0.18$0.34829452011-12-31
    $0.51$0.435545800000000042011-09-30
    $0.37$0.37917392011-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).