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

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $175.20.

Several equities analysts have recently weighed in on TRI shares. StockNews.com downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada raised their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research note on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRI. Aigen Investment Management LP grew its stake in shares of Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after buying an additional 3,417 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in Thomson Reuters during the third quarter worth about $4,506,000. Icon Wealth Advisors LLC lifted its position in shares of Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 6,716 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Thomson Reuters by 87.1% in the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after purchasing an additional 235,145 shares during the period. Finally, EFG Asset Management Americas Corp. grew its holdings in shares of Thomson Reuters by 65.4% in the second quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider’s stock valued at $2,781,000 after purchasing an additional 6,525 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $163.15 on Wednesday. The business’s 50 day moving average price is $165.80 and its 200-day moving average price is $166.45. Thomson Reuters has a 1 year low of $142.73 and a 1 year high of $176.03. The firm has a market capitalization of $73.40 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 5.69 and a beta of 0.71. 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 posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.82 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. 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.