Thomson Reuters Corp (TRI) Given Average Rating of “Hold” by Analysts

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Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $58.75.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Thomson Reuters from a “sell” rating to a “hold” rating and set a $71.00 price target for the company in a report on Saturday, May 11th. Royal Bank of Canada boosted their price objective on Thomson Reuters from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. ValuEngine upgraded Thomson Reuters from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Morgan Stanley boosted their price objective on Thomson Reuters from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 22nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. Nordea Investment Management AB bought a new stake in shares of Thomson Reuters in the 3rd quarter valued at about $6,910,000. Morgan Stanley raised its stake in Thomson Reuters by 562.2% during the 3rd quarter. Morgan Stanley now owns 5,318,579 shares of the business services provider’s stock worth $242,953,000 after buying an additional 4,515,466 shares during the period. Virtu Financial LLC acquired a new position in Thomson Reuters during the 4th quarter worth approximately $210,000. Lourd Capital LLC acquired a new position in Thomson Reuters during the 4th quarter worth approximately $203,000. Finally, Alethea Capital Management LLC acquired a new position in Thomson Reuters during the 4th quarter worth approximately $1,677,000. Hedge funds and other institutional investors own 21.94% of the company’s stock.

Thomson Reuters stock opened at $64.22 on Thursday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.36. Thomson Reuters has a 52 week low of $41.79 and a 52 week high of $65.07. The firm has a market cap of $32.18 billion, a PE ratio of 85.63, a price-to-earnings-growth ratio of 6.24 and a beta of 0.63.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Thomson Reuters had a return on equity of 4.25% and a net margin of 78.52%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. Thomson Reuters’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters will post 1.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.24%. Thomson Reuters’s dividend payout ratio (DPR) is presently 192.00%.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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