Thomson Reuters Co. (NYSE:TRI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $177.80.

TRI has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a report on Friday, February 7th. CIBC boosted their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a report on Thursday, April 10th. They set a “neutral” rating and a $180.00 price objective on the stock. Finally, StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday, April 19th.

Thomson Reuters Price Performance

TRI stock opened at $182.41 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters has a one year low of $149.85 and a one year high of $184.11. The firm has a market capitalization of $82.16 billion, a PE ratio of 37.30, a P/E/G ratio of 5.67 and a beta of 0.70. The firm has a 50-day moving average of $174.45 and a two-hundred day moving average of $168.75.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.30%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is presently 48.67%.

Institutional Trading of Thomson Reuters

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Advisors MI boosted its position in Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after buying an additional 62 shares in the last quarter. NewSquare Capital LLC boosted its position in Thomson Reuters by 1.5% in the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider’s stock valued at $695,000 after buying an additional 62 shares in the last quarter. Pacer Advisors Inc. boosted its position in Thomson Reuters by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after buying an additional 64 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after buying an additional 66 shares in the last quarter. Finally, Addison Advisors LLC boosted its position in Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider’s stock valued at $204,000 after buying an additional 68 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of 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.