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

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $188.5455.

A number of brokerages recently issued reports on TRI. Wells Fargo & Company lowered their price target on Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. CIBC set a $183.00 target price on shares of Thomson Reuters and gave the company an “outperformer” rating in a report on Friday, January 16th. Canaccord Genuity Group set a $174.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Scotiabank restated an “outperform” rating and issued a $189.00 price objective (down previously from $200.00) on shares of Thomson Reuters in a research note on Wednesday, November 5th. Finally, Huber Research upgraded Thomson Reuters to an “overweight” rating in a research report on Monday, October 20th.

Thomson Reuters Price Performance

Shares of TRI opened at $117.28 on Thursday. The company has a market cap of $52.19 billion, a P/E ratio of 23.98, a PEG ratio of 5.67 and a beta of 0.80. Thomson Reuters has a fifty-two week low of $116.86 and a fifty-two week high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $129.67 and its 200 day moving average price is $155.43.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, research 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 was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $0.595 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 2.0%. Thomson Reuters’s payout ratio is currently 61.18%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds have recently made changes to their positions in the business. TLT Family Holdco ULC acquired a new position in shares of Thomson Reuters during the 2nd quarter worth $865,442,000. LCC Family Corp. purchased a new stake in Thomson Reuters during the second quarter worth about $813,253,000. SEG Family Corp. acquired a new position in Thomson Reuters during the second quarter worth about $659,930,000. Invesco Ltd. increased its holdings in Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock valued at $349,996,000 after buying an additional 1,851,677 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Thomson Reuters during the 2nd quarter valued at approximately $275,036,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

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.