Thomson Reuters Receives Average Rating of “Hold” from Analysts (TSE:TRI)
Shares of Thomson Reuters (TSE:TRI) have received a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$40.67.
TRI has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Thomson Reuters from C$43.00 to C$45.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Analysts at TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd.
Thomson Reuters (TSE:TRI) opened at 40.99 on Friday. Thomson Reuters has a 1-year low of $34.52 and a 1-year high of $42.10. The stock has a 50-day moving average of $39.35 and a 200-day moving average of $38.81. The company has a market cap of $33.199 billion and a P/E ratio of 69.81.
Thomson Reuters (TSE:TRI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.05. On average, analysts predict that Thomson Reuters will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Thursday, August 21st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, August 19th.
Thomson Reuters Corporation (TSE:TRI) is a provider of information for the world’s businesses and professionals.
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