Thomson Reuters Co. (NYSE:TRI) Receives $187.30 Average Price Target from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $187.30.

TRI has been the topic of several research reports. Bank of America started coverage on Thomson Reuters in a research note on Thursday, April 10th. They set a “neutral” rating and a $180.00 target price on the stock. Barclays increased their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Royal Bank Of Canada lifted their price objective on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Scotiabank reissued a “sector perform” rating and issued a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Thomson Reuters during the 4th quarter worth about $27,000. Raymond James Financial Inc. purchased a new position in Thomson Reuters in the fourth quarter valued at approximately $11,285,000. Truist Financial Corp raised its holdings in Thomson Reuters by 5.6% during the fourth quarter. Truist Financial Corp now owns 9,496 shares of the business services provider’s stock worth $1,523,000 after purchasing an additional 500 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Thomson Reuters by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 33,663 shares of the business services provider’s stock worth $5,683,000 after buying an additional 313 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Thomson Reuters by 4.1% in the 4th quarter. Captrust Financial Advisors now owns 2,923 shares of the business services provider’s stock valued at $469,000 after buying an additional 115 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 1.1%

Shares of TRI opened at $193.85 on Wednesday. The company’s 50-day moving average price is $189.71 and its 200 day moving average price is $175.90. Thomson Reuters has a 12-month low of $150.01 and a 12-month high of $199.11. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The firm has a market cap of $87.33 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $1.11 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is presently 49.69%.

Thomson Reuters Company Profile

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.