Thomson Reuters Corp (TRI) Receives Average Recommendation of “Hold” from Brokerages
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.18.
Several research firms have recently issued reports on TRI. Zacks Investment Research lowered shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 target price on shares of Thomson Reuters in a report on Tuesday, September 19th. Berenberg Bank set a $37.00 target price on shares of Thomson Reuters and gave the stock a “sell” rating in a report on Thursday, October 5th. Scotiabank raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $47.00 to $55.00 in a report on Tuesday, October 17th. Finally, Morgan Stanley decreased their target price on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd.
Shares of Thomson Reuters (NYSE TRI) opened at $44.03 on Thursday. Thomson Reuters has a 12-month low of $42.22 and a 12-month high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $31,465.17, a P/E ratio of 17.62, a PEG ratio of 2.16 and a beta of 0.71.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 33.09%.
Large investors have recently modified their holdings of the company. ETF Managers Group LLC bought a new position in shares of Thomson Reuters in the 2nd quarter worth $127,000. Omnia Family Wealth LLC increased its holdings in shares of Thomson Reuters by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after buying an additional 10 shares during the last quarter. Beach Investment Management LLC. purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at $203,000. Boothbay Fund Management LLC purchased a new stake in shares of Thomson Reuters in the 3rd quarter valued at $216,000. Finally, SG Americas Securities LLC boosted its stake in shares of Thomson Reuters by 44.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 1,497 shares in the last quarter. 24.56% of the stock is currently owned by hedge funds and other institutional investors.
About Thomson Reuters
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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