Thomson Reuters Co. (NYSE:TRI) Given Average Rating of “Hold” by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $173.45.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Scotiabank raised Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $164.00 to $182.00 in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Thomson Reuters Price Performance

NYSE:TRI opened at $166.68 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $167.13 and its two-hundred day simple moving average is $164.73. The stock has a market cap of $74.96 billion, a PE ratio of 31.75, a P/E/G ratio of 5.58 and a beta of 0.73. Thomson Reuters has a 52 week low of $117.46 and a 52 week high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Thomson Reuters had a return on equity of 15.22% and a net margin of 33.65%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Thomson Reuters will post 3.71 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.146 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s payout ratio is 41.14%.

Institutional Trading of Thomson Reuters

Large investors have recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of Thomson Reuters in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Thomson Reuters by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Clean Yield Group purchased a new stake in Thomson Reuters during the third quarter worth $42,000. Exchange Traded Concepts LLC lifted its holdings in Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after buying an additional 167 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Thomson Reuters during the second quarter worth $73,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

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.