Thomson Reuters (NYSE:TRI) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) from a sell rating to a hold rating in a research note published on Friday.

Other equities analysts also recently issued reports about the company. Bank of America initiated coverage on Thomson Reuters in a research note on Friday, March 11th. They set a buy rating for the company. Canaccord Genuity Group raised Thomson Reuters from a hold rating to a buy rating and set a $117.00 price objective for the company in a research note on Wednesday, February 9th. Royal Bank of Canada raised Thomson Reuters from a sector perform rating to an outperform rating and dropped their price objective for the company from $124.00 to $120.00 in a research note on Wednesday, February 9th. Morgan Stanley dropped their price objective on Thomson Reuters from $110.00 to $108.00 and set an equal weight rating for the company in a research note on Wednesday, February 9th. Finally, Zacks Investment Research downgraded Thomson Reuters from a hold rating to a sell rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $129.30.

Shares of TRI stock opened at $99.96 on Friday. The company has a market cap of $48.60 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 3.13 and a beta of 0.56. The stock has a 50 day simple moving average of $105.13 and a 200-day simple moving average of $111.20. Thomson Reuters has a 12-month low of $92.22 and a 12-month high of $123.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.27.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last issued its earnings results on Tuesday, February 8th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Thomson Reuters had a return on equity of 6.57% and a net margin of 89.62%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts forecast that Thomson Reuters will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Thursday, February 24th were issued a $0.445 dividend. The ex-dividend date was Wednesday, February 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.78%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.33. Thomson Reuters’s dividend payout ratio is currently 15.57%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its holdings in shares of Thomson Reuters by 109.8% during the 4th quarter. Allworth Financial LP now owns 256 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 134 shares in the last quarter. Consolidated Planning Corp acquired a new stake in Thomson Reuters in the 3rd quarter valued at approximately $49,000. Pacifica Partners Inc. grew its holdings in Thomson Reuters by 33.4% in the 1st quarter. Pacifica Partners Inc. now owns 599 shares of the business services provider’s stock valued at $61,000 after buying an additional 150 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Thomson Reuters during the 4th quarter worth approximately $62,000. Finally, Captrust Financial Advisors lifted its position in shares of Thomson Reuters by 24.6% during the 3rd quarter. Captrust Financial Advisors now owns 658 shares of the business services provider’s stock worth $73,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 21.17% of the company’s stock.

About Thomson Reuters (Get Rating)

Thomson Reuters Corporation provides 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.

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