Thomson Reuters (NYSE:TRI) Price Target Raised to $188.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective upped by Scotiabank from $187.00 to $188.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm currently has a sector outperform rating on the business services provider’s stock.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. CIBC boosted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their price target on Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a report on Friday. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $182.09.

Thomson Reuters Stock Performance

NYSE TRI opened at $176.56 on Friday. The company has a fifty day moving average of $164.26 and a 200-day moving average of $165.49. The company has a market capitalization of $79.45 billion, a P/E ratio of 36.11, a P/E/G ratio of 5.59 and a beta of 0.73. Thomson Reuters has a 52-week low of $149.14 and a 52-week high of $178.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, equities research analysts predict that Thomson Reuters will post 3.96 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

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

Institutional Trading of Thomson Reuters

Institutional investors have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in shares of Thomson Reuters in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in Thomson Reuters during the 4th quarter valued at about $33,000. Asset Dedication LLC boosted its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Thomson Reuters during the 3rd quarter worth about $47,000. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

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.