Thomson Reuters Co. (NYSE:TRI) Receives Average Rating of “Hold” from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $175.20.

A number of brokerages have issued reports on TRI. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday. They set an “equal weight” rating and a $165.00 price objective on the stock. StockNews.com cut shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRI. Rothschild Investment LLC bought a new position in shares of Thomson Reuters in the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in Thomson Reuters by 76.9% during the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. Asset Dedication LLC grew its position in shares of Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after buying an additional 130 shares during the period. Clean Yield Group bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at approximately $47,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

NYSE TRI opened at $162.75 on Friday. The stock has a market cap of $73.22 billion, a P/E ratio of 32.04, a PEG ratio of 5.47 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters has a twelve month low of $138.80 and a twelve month high of $176.03. The company’s 50-day simple moving average is $166.55 and its 200 day simple moving average is $167.04.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results 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. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is presently 42.52%.

About Thomson Reuters

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.