Thomson Reuters Co. (NYSE:TRI) Receives Average Rating of “Moderate Buy” from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $156.4231.

A number of equities analysts recently weighed in on TRI shares. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 price target for the company in a report on Tuesday, February 10th. The Goldman Sachs Group set a $111.00 price objective on Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th. BMO Capital Markets set a $165.00 target price on Thomson Reuters in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price target on shares of Thomson Reuters and gave the company an “outperformer” rating in a research note on Friday, January 16th. Finally, Canaccord Genuity Group cut their price target on shares of Thomson Reuters from $174.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 4th.

Thomson Reuters Stock Performance

Shares of TRI opened at $83.20 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50-day moving average of $115.79 and a two-hundred day moving average of $141.75. The stock has a market cap of $37.03 billion, a P/E ratio of 17.01, a P/E/G ratio of 5.67 and a beta of 0.79. Thomson Reuters has a one year low of $81.91 and a one year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. As a group, research analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.655 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is presently 78.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRI. Dorsey & Whitney Trust CO LLC grew its position in shares of Thomson Reuters by 4.6% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 62 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Thomson Reuters by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 309 shares of the business services provider’s stock worth $62,000 after buying an additional 73 shares during the last quarter. UMB Bank n.a. grew its holdings in Thomson Reuters by 21.2% in the 3rd quarter. UMB Bank n.a. now owns 441 shares of the business services provider’s stock valued at $69,000 after buying an additional 77 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Thomson Reuters by 50.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after acquiring an additional 83 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Thomson Reuters by 3.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,274 shares of the business services provider’s stock worth $659,000 after acquiring an additional 95 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.