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

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $176.10.

Several analysts have weighed in on TRI shares. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Scotiabank increased their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. CIBC boosted their price objective on Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company initiated coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th.

Institutional Trading of Thomson Reuters

Several hedge funds and other institutional investors have recently made changes to their positions in TRI. Dimensional Fund Advisors LP grew its stake in shares of Thomson Reuters by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 183,605 shares of the business services provider’s stock worth $30,954,000 after acquiring an additional 9,571 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Thomson Reuters by 15.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,966 shares of the business services provider’s stock valued at $1,680,000 after purchasing an additional 1,348 shares during the last quarter. Blair William & Co. IL increased its stake in Thomson Reuters by 3.0% during the 2nd quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 66 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in Thomson Reuters by 6.8% in the second quarter. Bridges Investment Management Inc. now owns 2,207 shares of the business services provider’s stock worth $372,000 after buying an additional 141 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Thomson Reuters in the second quarter worth approximately $303,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Trading Up 0.8 %

Shares of TRI stock opened at $159.37 on Friday. The business has a 50-day moving average price of $163.04 and a two-hundred day moving average price of $165.37. Thomson Reuters has a 12-month low of $148.08 and a 12-month high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $71.71 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results 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 during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. Thomson Reuters’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate that Thomson Reuters will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.54 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

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.