Brokerages Set Thomson Reuters Corp (NASDAQ:TRI) PT at $143.92

Thomson Reuters Corp (NASDAQ:TRI) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $143.9203.

Several equities research analysts have recently weighed in on TRI shares. Scotiabank set a $138.00 target price on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services increased its position in Thomson Reuters by 12.5% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 45,844 shares of the company’s stock worth $4,125,000 after buying an additional 5,094 shares during the period. NewEdge Advisors LLC grew its position in shares of Thomson Reuters by 9.7% during the first quarter. NewEdge Advisors LLC now owns 5,280 shares of the company’s stock worth $475,000 after acquiring an additional 469 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the 1st quarter worth about $48,000. Bank of America Corp DE lifted its position in Thomson Reuters by 48.7% in the 1st quarter. Bank of America Corp DE now owns 1,627,069 shares of the company’s stock valued at $146,404,000 after purchasing an additional 532,803 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Thomson Reuters during the 1st quarter valued at about $1,775,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI opened at $90.76 on Friday. The firm has a market cap of $39.59 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.31 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $85.52 and its two-hundred day moving average is $98.90. Thomson Reuters has a 52-week low of $76.28 and a 52-week high of $218.42.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Analysts forecast that Thomson Reuters will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is currently 76.16%.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.