Thomson Reuters Co. (NYSE:TRI) Given Consensus Rating of “Hold” by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRIGet Rating) (TSE:TRI) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $131.11.

Several equities research analysts have weighed in on the company. TD Securities increased their price target on Thomson Reuters from C$165.00 to C$170.00 in a research report on Wednesday, December 14th. Barclays increased their price target on Thomson Reuters from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 2nd. Morgan Stanley increased their price target on Thomson Reuters from $108.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 4th. Royal Bank of Canada lowered their target price on shares of Thomson Reuters from $118.00 to $116.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Thomson Reuters from $111.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 10th.

Thomson Reuters Price Performance

NYSE TRI opened at $118.12 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s fifty day moving average price is $115.25 and its 200 day moving average price is $110.78. Thomson Reuters has a 1 year low of $91.55 and a 1 year high of $119.87. The company has a market cap of $56.23 billion, a price-to-earnings ratio of 61.20, a PEG ratio of 3.07 and a beta of 0.59.

Thomson Reuters (NYSE:TRIGet Rating) (TSE:TRI) last released its earnings results on Tuesday, November 1st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. Thomson Reuters had a return on equity of 8.10% and a net margin of 14.38%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.59 billion. As a group, equities research analysts forecast that Thomson Reuters will post 2.47 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th were issued a $0.322 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $1.29 dividend on an annualized basis and a yield of 1.09%. Thomson Reuters’s payout ratio is 92.23%.

Institutional Trading of Thomson Reuters

A number of hedge funds have recently bought and sold shares of the business. Cigna Investments Inc. New raised its holdings in Thomson Reuters by 2.9% in the 2nd quarter. Cigna Investments Inc. New now owns 3,237 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 90 shares during the last quarter. Value Partners Investments Inc. increased its holdings in shares of Thomson Reuters by 3.9% during the 4th quarter. Value Partners Investments Inc. now owns 2,844 shares of the business services provider’s stock worth $324,000 after buying an additional 106 shares during the last quarter. Pacifica Partners Inc. increased its holdings in shares of Thomson Reuters by 19.7% during the 3rd quarter. Pacifica Partners Inc. now owns 717 shares of the business services provider’s stock worth $75,000 after buying an additional 118 shares during the last quarter. West Family Investments Inc. increased its holdings in shares of Thomson Reuters by 2.6% during the 3rd quarter. West Family Investments Inc. now owns 4,707 shares of the business services provider’s stock worth $483,000 after buying an additional 120 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Thomson Reuters by 7.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,945 shares of the business services provider’s stock worth $212,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 20.84% of the company’s stock.

Thomson Reuters Company Profile

(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.