Thomson Reuters (NYSE:TRI) Price Target Raised to $174.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective hoisted by CIBC from $165.00 to $174.00 in a research report report published on Friday,BayStreet.CA reports.

Several other analysts also recently commented on TRI. JPMorgan Chase & Co. increased their price objective on shares of Thomson Reuters from $175.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday. The Goldman Sachs Group upped their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada lifted their price target on Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Scotiabank upped their target price on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research note on Friday. Finally, StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Trading Down 0.2 %

NYSE TRI opened at $176.56 on Friday. Thomson Reuters has a twelve month low of $149.14 and a twelve month high of $178.35. The company has a market capitalization of $79.45 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 5.59 and a beta of 0.73. The stock’s 50-day simple moving average is $164.26 and its two-hundred day simple moving average is $165.49. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. Research analysts forecast that Thomson Reuters will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.38 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, February 20th. Thomson Reuters’s payout ratio is currently 44.17%.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in shares of Thomson Reuters by 6.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,773 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 168 shares during the period. HighTower Advisors LLC boosted its holdings in Thomson Reuters by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 11,349 shares of the business services provider’s stock worth $1,821,000 after buying an additional 102 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $874,000. AGF Management Ltd. lifted its position in shares of Thomson Reuters by 60.7% during the 4th quarter. AGF Management Ltd. now owns 462,241 shares of the business services provider’s stock valued at $74,698,000 after buying an additional 174,546 shares in the last quarter. Finally, Vista Investment Partners II LLC purchased a new stake in shares of Thomson Reuters during the fourth quarter worth about $2,640,000. Institutional investors and hedge funds 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.