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

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $183.70.

A number of brokerages have recently issued reports on TRI. Barclays lifted their target price on Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Scotiabank reissued a “sector perform” rating and issued a $188.00 price objective on shares of Thomson Reuters in a report on Friday, May 2nd. TD Securities boosted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd.

Thomson Reuters Trading Up 0.5%

Shares of TRI opened at $195.12 on Friday. The stock’s 50-day moving average is $179.56 and its two-hundred day moving average is $171.56. The stock has a market cap of $87.90 billion, a PE ratio of 39.90, a P/E/G ratio of 5.67 and a beta of 0.75. Thomson Reuters has a 12 month low of $150.01 and a 12 month high of $196.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.22%. Thomson Reuters’s dividend payout ratio is presently 49.69%.

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently made changes to their positions in TRI. Cullen Frost Bankers Inc. lifted its position in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider’s stock worth $27,000 after purchasing an additional 139 shares during the period. Curio Wealth LLC acquired a new stake in Thomson Reuters in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Thomson Reuters in the fourth quarter worth approximately $27,000. Investment Management Corp VA ADV acquired a new stake in Thomson Reuters in the fourth quarter worth approximately $29,000. Finally, Noble Wealth Management PBC acquired a new stake in Thomson Reuters in the fourth quarter worth approximately $33,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

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.