Thomson Reuters Corp (NASDAQ:TRI) Given Average Recommendation of “Moderate Buy” by Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $144.8434.

TRI has been the topic of several research analyst reports. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. Barclays reiterated an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Wells Fargo & Company boosted their price target on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Scotiabank set a $138.00 price target on Thomson Reuters and gave the company a “sector outperform” rating in a report on Wednesday, May 6th.

Thomson Reuters Price Performance

Shares of NASDAQ:TRI opened at $81.41 on Wednesday. The business’s 50 day simple moving average is $88.47 and its 200-day simple moving average is $105.08. The firm has a market capitalization of $35.51 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. Thomson Reuters has a 12 month low of $78.15 and a 12 month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, equities analysts forecast that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.655 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 3.2%. Thomson Reuters’s payout ratio is 76.16%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. First National Bank of Mount Dora Trust Investment Services raised its holdings in Thomson Reuters by 12.5% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 45,844 shares of the company’s stock valued at $4,125,000 after acquiring an additional 5,094 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Thomson Reuters by 9.7% in the 1st quarter. NewEdge Advisors LLC now owns 5,280 shares of the company’s stock valued at $475,000 after acquiring an additional 469 shares during the last quarter. Western Wealth Management LLC acquired a new position in Thomson Reuters in the 1st quarter valued at $48,000. Bank of America Corp DE raised its holdings in Thomson Reuters by 48.7% in the 1st quarter. Bank of America Corp DE now owns 1,627,069 shares of the company’s stock valued at $146,404,000 after acquiring an additional 532,803 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Thomson Reuters during the 1st quarter worth $1,775,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.