Thomson Reuters (TRI) – Research Analysts’ Weekly Ratings Updates

Thomson Reuters (NYSE: TRI) recently received a number of ratings updates from brokerages and research firms:

  • 9/13/2018 – Thomson Reuters was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.
  • 9/12/2018 – Thomson Reuters was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/5/2018 – Thomson Reuters had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $50.00 price target on the stock.
  • 8/29/2018 – Thomson Reuters had its price target raised by analysts at Royal Bank of Canada from $45.00 to $47.00. They now have an “outperform” rating on the stock.
  • 8/7/2018 – Thomson Reuters had its price target raised by analysts at Royal Bank of Canada from $44.00 to $45.00. They now have an “outperform” rating on the stock.

Shares of TRI stock opened at $45.64 on Friday. Thomson Reuters Corp has a 52-week low of $36.52 and a 52-week high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market cap of $31.31 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 12.62 and a beta of 0.68.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. Thomson Reuters had a return on equity of 9.17% and a net margin of 14.15%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.60 EPS. Thomson Reuters’s quarterly revenue was up 2.4% compared to the same quarter last year. research analysts expect that Thomson Reuters Corp will post 0.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 16th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, August 15th. Thomson Reuters’s dividend payout ratio is currently 54.98%.

Several hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Thomson Reuters by 210.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,742,479 shares of the business services provider’s stock worth $352,496,000 after acquiring an additional 5,923,592 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Thomson Reuters by 20.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after purchasing an additional 604,871 shares during the period. CIBC World Markets Inc. increased its holdings in Thomson Reuters by 36.1% during the 1st quarter. CIBC World Markets Inc. now owns 3,478,599 shares of the business services provider’s stock worth $134,448,000 after purchasing an additional 923,398 shares during the period. Altrinsic Global Advisors LLC increased its holdings in Thomson Reuters by 21.2% during the 1st quarter. Altrinsic Global Advisors LLC now owns 3,244,289 shares of the business services provider’s stock worth $125,292,000 after purchasing an additional 567,365 shares during the period. Finally, Parnassus Investments CA increased its holdings in Thomson Reuters by 39.5% during the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after purchasing an additional 832,502 shares during the period. 22.61% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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