Thomson Reuters Co. (NYSE:TRI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $129.67.

Several research firms have recently commented on TRI. Zacks Investment Research raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Friday, May 6th. Royal Bank of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $124.00 to $120.00 in a report on Wednesday, February 9th. Bank of America began coverage on shares of Thomson Reuters in a report on Friday, March 11th. They set a “buy” rating on the stock. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of Thomson Reuters from $110.00 to $108.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th.

Hedge funds have recently made changes to their positions in the business. Oribel Capital Management LP boosted its stake in Thomson Reuters by 6.5% during the third quarter. Oribel Capital Management LP now owns 29,700 shares of the business services provider’s stock worth $3,282,000 after buying an additional 1,800 shares during the period. Qube Research & Technologies Ltd boosted its stake in Thomson Reuters by 161.2% during the fourth quarter. Qube Research & Technologies Ltd now owns 87,900 shares of the business services provider’s stock worth $10,515,000 after buying an additional 54,243 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Thomson Reuters by 122.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,909 shares of the business services provider’s stock worth $228,000 after buying an additional 1,051 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Thomson Reuters by 33.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,838,820 shares of the business services provider’s stock worth $339,742,000 after buying an additional 706,875 shares during the period. Finally, Northcape Wealth Management LLC purchased a new position in Thomson Reuters during the fourth quarter worth about $203,000. 21.17% of the stock is owned by institutional investors.

NYSE:TRI traded up $0.76 during mid-day trading on Friday, hitting $96.37. 8,060 shares of the company’s stock traded hands, compared to its average volume of 544,194. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $46.93 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.85 and a beta of 0.59. The company has a fifty day moving average of $103.15 and a 200 day moving average of $108.99. Thomson Reuters has a twelve month low of $91.55 and a twelve month high of $123.60.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last released its earnings results on Tuesday, May 3rd. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.66 billion. Thomson Reuters had a net margin of 25.77% and a return on equity of 6.83%. Thomson Reuters’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, research analysts expect that Thomson Reuters will post 2.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Thursday, May 26th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, May 25th. Thomson Reuters’s payout ratio is currently 52.98%.

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.

Further Reading

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.