Thomson Reuters Co. (NYSE:TRI) Receives $177.80 Average Price Target from Analysts

Shares of Thomson Reuters Co. (NYSE:TRIGet Free Report) (TSE:TRI) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $178.18.

Several analysts have commented on the stock. Scotiabank increased their price target on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th. Bank of America initiated coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a “neutral” rating and a $180.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a report on Saturday, April 19th. Finally, The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th.

Read Our Latest Stock Report on TRI

Hedge Funds Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently modified their holdings of TRI. SkyView Investment Advisors LLC raised its stake in Thomson Reuters by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock worth $722,000 after purchasing an additional 66 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $6,649,000. JCIC Asset Management Inc. raised its position in shares of Thomson Reuters by 1.5% during the 4th quarter. JCIC Asset Management Inc. now owns 26,360 shares of the business services provider’s stock valued at $4,230,000 after buying an additional 395 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Thomson Reuters by 23.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider’s stock valued at $958,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in Thomson Reuters by 26.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider’s stock worth $409,000 after acquiring an additional 526 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Down 0.1 %

TRI opened at $185.74 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $174.98 and its two-hundred day moving average is $169.10. The company has a market capitalization of $83.66 billion, a P/E ratio of 37.98, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters has a 52 week low of $150.01 and a 52 week high of $189.89.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. During the same quarter in the prior year, the business posted $1.11 EPS. The firm’s revenue was up .8% on a year-over-year basis. Analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a $0.595 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is presently 48.67%.

About Thomson Reuters

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Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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