Thomson Reuters Co. (NYSE:TRI) Receives $157.42 Average PT from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $157.42.

Several equities research analysts have issued reports on TRI shares. CIBC boosted their price objective on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. National Bank Financial upgraded Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Scotiabank increased their target price on Thomson Reuters from $142.00 to $159.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $180.00 in a research report on Thursday, March 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $153.00 price objective on shares of Thomson Reuters in a research report on Wednesday, March 13th.

Thomson Reuters Trading Up 0.4 %

Shares of TRI opened at $153.59 on Friday. The stock’s fifty day simple moving average is $155.86 and its 200 day simple moving average is $145.04. Thomson Reuters has a twelve month low of $117.46 and a twelve month high of $161.57. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $69.33 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.91 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.76 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Thomson Reuters will post 3.58 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Thomson Reuters in the 3rd quarter valued at about $27,000. FinTrust Capital Advisors LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $28,000. Pacifica Partners Inc. raised its position in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after purchasing an additional 149 shares during the period. Operose Advisors LLC bought a new stake in shares of Thomson Reuters in the 3rd quarter worth approximately $37,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Thomson Reuters during the 4th quarter valued at approximately $37,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.