Brokerages Set Thomson Reuters Corp (NASDAQ:TRI) PT at $144.27

Thomson Reuters Corp (NASDAQ:TRI) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $148.2308.

Several equities research analysts have issued reports on TRI shares. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price on the stock in a research note on Tuesday, February 10th. Argus assumed coverage on shares of Thomson Reuters in a research note on Wednesday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of Thomson Reuters from $160.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Bank of America upped their price target on Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, UBS Group set a $183.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $90.18 on Tuesday. The stock has a market capitalization of $39.94 billion, a P/E ratio of 27.08, a PEG ratio of 1.38 and a beta of 0.83. The business has a 50 day simple moving average of $93.03 and a two-hundred day simple moving average of $119.04. Thomson Reuters has a 12 month low of $79.71 and a 12 month high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, analysts predict that Thomson Reuters will post 4.4 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a $0.655 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.9%. Thomson Reuters’s dividend payout ratio is 78.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. TLT Family Holdco ULC acquired a new position in Thomson Reuters in the 2nd quarter valued at about $865,442,000. SEG Family Corp. acquired a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Invesco Ltd. raised its position in shares of Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after buying an additional 1,851,677 shares during the period. Norges Bank purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $153,417,000. Finally, First Trust Advisors LP lifted its holdings in Thomson Reuters by 312.5% in the third quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock valued at $166,976,000 after acquiring an additional 814,393 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.