Thomson Reuters (NYSE:TRI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a sell rating to a hold rating in a report issued on Monday.

Several other research firms have also weighed in on TRI. Wells Fargo & Company started coverage on Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target on the stock. Royal Bank of Canada increased their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Finally, Scotiabank increased their price target on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.20.

Thomson Reuters Stock Up 1.2 %

Shares of TRI opened at $164.60 on Monday. The stock has a market capitalization of $74.06 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 5.50 and a beta of 0.73. Thomson Reuters has a 1 year low of $138.83 and a 1 year high of $176.03. The business’s 50 day simple moving average is $166.55 and its 200-day simple moving average is $167.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. As a group, equities analysts expect that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio is presently 42.52%.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in shares of Thomson Reuters during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in Thomson Reuters by 76.9% during 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 in the last quarter. Asset Dedication LLC boosted its position in Thomson Reuters by 125.0% during the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares in the last quarter. Clean Yield Group bought a new stake in Thomson Reuters during the third quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in Thomson Reuters during the third quarter valued at about $47,000. 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.