Thomson Reuters Co. (NYSE:TRI) Receives $175.56 Consensus PT from Brokerages

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $176.33.

Several research analysts recently weighed in on TRI shares. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a report on Wednesday. Scotiabank raised their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday.

Hedge Funds Weigh In On Thomson Reuters

Several institutional investors and hedge funds have recently bought and sold shares of TRI. Advisors Asset Management Inc. boosted its stake in shares of Thomson Reuters by 73.5% during the third quarter. Advisors Asset Management Inc. now owns 4,265 shares of the business services provider’s stock valued at $728,000 after purchasing an additional 1,807 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Thomson Reuters by 11.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,577,905 shares of the business services provider’s stock worth $439,665,000 after buying an additional 255,387 shares during the period. Hilton Capital Management LLC raised its holdings in Thomson Reuters by 1.8% during the 3rd quarter. Hilton Capital Management LLC now owns 83,169 shares of the business services provider’s stock valued at $14,189,000 after buying an additional 1,460 shares during the last quarter. West Family Investments Inc. boosted its position in Thomson Reuters by 3.1% during the 3rd quarter. West Family Investments Inc. now owns 4,216 shares of the business services provider’s stock valued at $719,000 after buying an additional 126 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings in Thomson Reuters by 5,169.8% in the 3rd quarter. Banque Cantonale Vaudoise now owns 5,586 shares of the business services provider’s stock worth $954,000 after acquiring an additional 5,480 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Performance

NYSE TRI opened at $168.23 on Tuesday. The company’s 50 day simple moving average is $168.63 and its two-hundred day simple moving average is $166.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.88. Thomson Reuters has a 1 year low of $129.02 and a 1 year high of $176.03. The stock has a market capitalization of $75.68 billion, a PE ratio of 33.12, a P/E/G ratio of 5.59 and a beta of 0.73.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that Thomson Reuters will post 3.71 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is 42.52%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.