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

Shares of Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) have been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $129.86.

Several research analysts have recently issued reports on TRI shares. National Bank Financial downgraded shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 28th. Barclays upped their target price on shares of Thomson Reuters from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. Canaccord Genuity Group boosted their price target on shares of Thomson Reuters from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, February 10th. BMO Capital Markets boosted their price target on shares of Thomson Reuters from $161.00 to $182.00 and gave the company an “outperform” rating in a research report on Tuesday, February 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, January 10th.

Hedge Funds Weigh In On Thomson Reuters

Large investors have recently modified their holdings of the stock. Destiny Wealth Partners LLC lifted its position in shares of Thomson Reuters by 51.3% during the fourth quarter. Destiny Wealth Partners LLC now owns 286 shares of the business services provider’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in Thomson Reuters by 993.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 328 shares of the business services provider’s stock valued at $34,000 after buying an additional 298 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Thomson Reuters by 189.7% in the third quarter. Hexagon Capital Partners LLC now owns 336 shares of the business services provider’s stock valued at $34,000 after buying an additional 220 shares during the period. Guardian Wealth Advisors LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $37,000. Finally, Pinebridge Investments L.P. acquired a new position in Thomson Reuters in the fourth quarter valued at approximately $57,000. 20.84% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 1.1 %

TRI stock opened at $121.46 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 1 year low of $91.55 and a 1 year high of $125.32. The company has a fifty day simple moving average of $119.76 and a 200 day simple moving average of $113.14. The firm has a market cap of $57.58 billion, a PE ratio of 42.17, a PEG ratio of 3.04 and a beta of 0.58.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last released its quarterly earnings data on Thursday, February 9th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.76 billion. Thomson Reuters had a net margin of 21.16% and a return on equity of 9.58%. Thomson Reuters’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Sell-side analysts anticipate that Thomson Reuters will post 3.31 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, February 23rd will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 22nd. Thomson Reuters’s dividend payout ratio is presently 68.06%.

About Thomson Reuters

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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.