Thomson Reuters Corp (NASDAQ:TRI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $143.9203.

Several analysts have recently weighed in on TRI shares. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, Bank of America decreased their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th.

Hedge Funds Weigh In On Thomson Reuters

A number of large investors have recently added to or reduced their stakes in TRI. Public Sector Pension Investment Board lifted its stake in Thomson Reuters by 0.8% in the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Thomson Reuters by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 5,743 shares of the company’s stock valued at $757,000 after acquiring an additional 101 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Thomson Reuters by 0.6% during the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock valued at $2,551,000 after acquiring an additional 103 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Thomson Reuters by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock valued at $885,000 after acquiring an additional 130 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in shares of Thomson Reuters by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock worth $871,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Up 3.0%

Shares of NASDAQ TRI opened at $106.34 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $86.94 and a 200-day moving average of $94.44. The firm has a market capitalization of $46.32 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 1.54 and a beta of 0.77. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $204.46.

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

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

Thomson Reuters Company Profile

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.