Thomson Reuters Co. (NYSE:TRI) Receives Average Rating of “Moderate Buy” from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $194.6364.

A number of brokerages have issued reports on TRI. Royal Bank Of Canada cut their target price on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Scotiabank reaffirmed an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Wednesday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reduced their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th.

Thomson Reuters Price Performance

Shares of TRI stock opened at $126.36 on Friday. The firm has a fifty day simple moving average of $136.87 and a 200-day simple moving average of $164.71. The company has a market capitalization of $56.21 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79. Thomson Reuters has a twelve month low of $126.21 and a twelve month high of $218.42. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Thomson Reuters’s payout ratio is currently 61.18%.

Institutional Trading of Thomson Reuters

A number of institutional investors and hedge funds have recently modified their holdings of TRI. Picton Mahoney Asset Management acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at $98,539,000. Beck Bode LLC acquired a new position in Thomson Reuters during the second quarter worth $16,505,000. Aviva PLC increased its position in Thomson Reuters by 6.8% during the second quarter. Aviva PLC now owns 116,819 shares of the business services provider’s stock worth $23,487,000 after buying an additional 7,441 shares during the last quarter. Swiss National Bank raised its holdings in Thomson Reuters by 6.9% during the second quarter. Swiss National Bank now owns 478,855 shares of the business services provider’s stock valued at $95,925,000 after buying an additional 30,800 shares in the last quarter. Finally, Harvest Portfolios Group Inc. acquired a new stake in shares of Thomson Reuters in the second quarter worth about $653,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.