Thomson Reuters Given Consensus Recommendation of “Hold” by Analysts (NYSE:TRI)
Shares of Thomson Reuters (NYSE:TRI) have been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the company, Stock Ratings Network.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.95.
TRI has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Thomson Reuters from $34.00 to $37.00 in a research note on Tuesday, August 5th. Separately, analysts at Zacks downgraded shares of Thomson Reuters from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $40.80 price target on the stock. Finally, 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.
Thomson Reuters (NYSE:TRI) opened at 37.99 on Thursday. Thomson Reuters has a one year low of $33.21 and a one year high of $38.73. The stock’s 50-day moving average is $37.45 and its 200-day moving average is $35.68. The company has a market cap of $30.532 billion and a price-to-earnings ratio of 69.45.
Thomson Reuters (NYSE:TRI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. 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. Shareholders 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 3.47%. The ex-dividend date is Tuesday, August 19th.
Thomson Reuters Corporation (NYSE:TRI) is a provider of information for the world’s businesses and professionals.
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