Brokerages Set Thomson Reuters Co. (NYSE:TRI) PT at $129.86

Shares of Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $129.86.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Thomson Reuters from $111.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, January 10th. Morgan Stanley lifted their target price on shares of Thomson Reuters from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, February 10th. Exane BNP Paribas lowered shares of Thomson Reuters from a “neutral” rating to an “underperform” rating in a research note on Thursday, December 1st. Barclays lifted their target price on shares of Thomson Reuters from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. Finally, BMO Capital Markets lifted their target price on shares of Thomson Reuters from $161.00 to $182.00 and gave the company an “outperform” rating in a research note on Tuesday, February 14th.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $124.33 on Thursday. The firm has a market cap of $58.94 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of 3.08 and a beta of 0.58. Thomson Reuters has a 12-month low of $91.55 and a 12-month high of $125.32. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $120.09 and its two-hundred day simple moving average is $113.34.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 9th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.76 billion. Thomson Reuters had a net margin of 21.16% and a return on equity of 9.58%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. As a group, equities analysts expect that Thomson Reuters will post 3.31 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Thursday, February 23rd were given a dividend of $0.49 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.32. This represents a $1.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, February 22nd. Thomson Reuters’s dividend payout ratio (DPR) is 68.06%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRI. Canada Pension Plan Investment Board raised its holdings in Thomson Reuters by 3,557.3% in the third quarter. Canada Pension Plan Investment Board now owns 407,500 shares of the business services provider’s stock worth $42,053,000 after buying an additional 396,358 shares during the last quarter. Cerity Partners LLC raised its holdings in Thomson Reuters by 87.9% in the second quarter. Cerity Partners LLC now owns 4,436 shares of the business services provider’s stock worth $462,000 after buying an additional 2,075 shares during the last quarter. Ossiam raised its holdings in Thomson Reuters by 38.1% in the second quarter. Ossiam now owns 4,691 shares of the business services provider’s stock worth $488,000 after buying an additional 1,295 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Thomson Reuters by 25.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the business services provider’s stock worth $615,000 after buying an additional 1,204 shares during the last quarter. Finally, AlphaCrest Capital Management LLC raised its holdings in Thomson Reuters by 8.8% in the third quarter. AlphaCrest Capital Management LLC now owns 27,811 shares of the business services provider’s stock worth $2,854,000 after buying an additional 2,251 shares during the last quarter. 20.84% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Company Profile

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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.