TD Securities Reiterates “Buy” Rating for Thomson Reuters (TRI)

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TD Securities reissued their buy rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research report report published on Wednesday morning. The brokerage currently has a $69.00 target price on the business services provider’s stock.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Thomson Reuters from a buy rating to a hold rating in a research report on Thursday, October 18th. Goldman Sachs Group assumed coverage on Thomson Reuters in a research report on Thursday, October 18th. They set a neutral rating for the company. Morgan Stanley set a $51.00 price objective on Thomson Reuters and gave the stock a buy rating in a research report on Monday, October 15th. Bank of America reaffirmed a neutral rating and set a $48.00 price objective on shares of Thomson Reuters in a research report on Wednesday, October 10th. Finally, ValuEngine raised Thomson Reuters from a hold rating to a buy rating in a research report on Wednesday, September 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Thomson Reuters currently has an average rating of Buy and a consensus target price of $50.00.

Shares of NYSE TRI opened at $48.08 on Wednesday. The stock has a market capitalization of $26.87 billion, a P/E ratio of 19.16, a PEG ratio of 10.77 and a beta of 0.52. The company has a quick ratio of 2.31, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 52-week low of $36.52 and a 52-week high of $48.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts forecast that Thomson Reuters will post 0.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.91%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio (DPR) is presently 54.98%.

A number of institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Thomson Reuters by 4.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,348 shares of the business services provider’s stock worth $2,752,000 after acquiring an additional 2,833 shares during the period. FMR LLC lifted its position in Thomson Reuters by 596.2% during the 3rd quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock worth $89,376,000 after acquiring an additional 1,677,302 shares during the period. Crossmark Global Holdings Inc. lifted its position in Thomson Reuters by 7.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 48,707 shares of the business services provider’s stock worth $2,225,000 after acquiring an additional 3,470 shares during the period. Tobam lifted its position in Thomson Reuters by 29.9% during the 3rd quarter. Tobam now owns 339,200 shares of the business services provider’s stock worth $15,467,000 after acquiring an additional 78,100 shares during the period. Finally, Commonwealth Bank of Australia raised its stake in shares of Thomson Reuters by 4.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 107,086 shares of the business services provider’s stock worth $4,885,000 after buying an additional 4,899 shares in the last quarter. 28.18% of the stock is owned by institutional investors.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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