Analysts Set Thomson Reuters Co. (NYSE:TRI) PT at $156.42

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $156.4231.

Several research firms have issued reports on TRI. Morgan Stanley set a $116.00 target price on shares of Thomson Reuters in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price objective on Thomson Reuters and gave the stock an “outperformer” rating in a research report on Friday, January 16th. Scotiabank reiterated an “outperform” rating and set a $156.00 price target (down from $189.00) on shares of Thomson Reuters in a research report on Friday, February 6th. Canaccord Genuity Group decreased their price objective on shares of Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $126.00 target price for the company in a research report on Tuesday, February 10th.

Thomson Reuters Stock Performance

NYSE:TRI opened at $99.38 on Monday. The business’s fifty day moving average is $113.27 and its 200 day moving average is $140.12. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 5.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters has a 52-week low of $79.71 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Thursday, February 5th. The business services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Research analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.6%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 17th. Thomson Reuters’s dividend payout ratio (DPR) is presently 78.68%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in the company. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters during the 2nd quarter valued at about $865,442,000. LCC Family Corp. bought a new position in Thomson Reuters during the second quarter valued at approximately $813,253,000. SEG Family Corp. bought a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $659,930,000. Invesco Ltd. boosted its stake in shares of Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Thomson Reuters in the 2nd quarter valued at $275,036,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.