Thomson Reuters Co. (NYSE:TRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $195.2727.

Several analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. The Goldman Sachs Group set a $186.00 price target on Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Morgan Stanley set a $172.00 price target on shares of Thomson Reuters in a research note on Tuesday, November 4th.

Thomson Reuters Trading Down 0.9%

NYSE TRI opened at $130.70 on Wednesday. Thomson Reuters has a one year low of $128.16 and a one year high of $218.42. The firm has a 50 day simple moving average of $144.24 and a 200-day simple moving average of $171.19. The firm has a market cap of $58.14 billion, a price-to-earnings ratio of 26.73, 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 (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, November 18th. Thomson Reuters’s payout ratio is 61.18%.

Hedge Funds Weigh In On Thomson Reuters

Large investors have recently bought and sold shares of the business. Curio Wealth LLC boosted its position in shares of Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock worth $33,000 after acquiring an additional 162 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in Thomson Reuters during the second quarter worth approximately $34,000. Ameritas Advisory Services LLC acquired a new position in Thomson Reuters in the second quarter valued at approximately $37,000. AlphaCore Capital LLC purchased a new position in Thomson Reuters in the second quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock worth $39,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other 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.