Shares of Thomson Reuters Co. (NYSE:TRI – Get 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
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:TRI – Get 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
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.
Featured Articles
- Five stocks we like better than Thomson Reuters
- Why Are These Companies Considered Blue Chips?
- The Most Inspiring Small Businesses of 2025 [Survey]
- What is the FTSE 100 index?
- Microsoft Crushes Earnings, What’s Next for MSFT Stock?
- Canada Bond Market Holiday: How to Invest and Trade
- McDonald’s Insiders Sell Shares! Investors Should Do the Opposite
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.