Brokerages Set Thomson Reuters Corp (NASDAQ:TRI) Price Target at $147.96

Thomson Reuters Corp (NASDAQ:TRI) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $147.9615.

Several analysts have recently weighed in on TRI shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $95.00 target price (down from $120.00) on shares of Thomson Reuters in a research report on Monday, March 23rd. Canaccord Genuity Group lowered their price objective on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Scotiabank restated an “outperform” rating and set a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. BMO Capital Markets set a $165.00 price objective on Thomson Reuters in a research note on Friday, February 6th. Finally, Bank of America boosted their target price on Thomson Reuters from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th.

Institutional Trading of Thomson Reuters

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC bought a new position in shares of Thomson Reuters in the fourth quarter valued at about $30,000. AlphaCore Capital LLC acquired a new position in Thomson Reuters during the 2nd quarter worth about $39,000. Cullen Frost Bankers Inc. grew its holdings in Thomson Reuters by 50.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after acquiring an additional 83 shares during the last quarter. Timmons Wealth Management LLC bought a new stake in Thomson Reuters during the 4th quarter worth about $42,000. Finally, Montag A & Associates Inc. acquired a new stake in Thomson Reuters in the 4th quarter valued at about $43,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $89.43 on Friday. The business has a 50 day moving average price of $99.19 and a two-hundred day moving average price of $127.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters has a 12 month low of $79.71 and a 12 month high of $218.42. The stock has a market cap of $39.80 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.60. Thomson Reuters’s dividend payout ratio is presently 78.68%.

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.