Thomson Reuters Corp (NASDAQ:TRI) Stock Has Consensus Price Target of $128.96 According to Analysts

Thomson Reuters Corp (NASDAQ:TRI) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $128.96.

TRI has been the topic of a number of research analyst reports. Scotia cut their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 15th. Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, RBC Dominion Securities lifted their target price on Thomson Reuters from $124.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th.

Institutional Investors Weigh In On Thomson Reuters

Hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new stake in Thomson Reuters in the second quarter worth approximately $45,000. Western Wealth Management LLC bought a new stake in shares of Thomson Reuters in the first quarter worth approximately $48,000. GK Wealth Management LLC purchased a new stake in Thomson Reuters in the 3rd quarter worth $53,000. Westside Investment Management Inc. boosted its holdings in shares of Thomson Reuters by 80.7% in the 3rd quarter. Westside Investment Management Inc. now owns 600 shares of the company’s stock worth $59,000 after purchasing an additional 268 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Thomson Reuters by 66.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock worth $64,000 after purchasing an additional 315 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Down 4.7%

Shares of NASDAQ:TRI opened at $112.57 on Friday. Thomson Reuters has a 12-month low of $76.28 and a 12-month high of $142.04. The firm has a market cap of $48.78 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.35 and a beta of 0.69. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $105.91 and its two-hundred day moving average price is $97.09.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.08). Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts forecast that Thomson Reuters will post 4.33 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be given a dividend of $0.6550 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.62 dividend on an annualized basis and a yield of 2.3%. Thomson Reuters’s payout ratio is 73.18%.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and services for legal, tax, accounting, compliance, risk and financial professionals. Its products help customers research complex issues, manage workflows and make informed decisions.

Key offerings include Westlaw and Practical Law for legal research and practice management, Checkpoint for tax and accounting research, and ONESOURCE for tax and trade compliance. The company also provides news and information through Reuters, its global news organization.

Thomson Reuters was formed in 2008 through the combination of Thomson Corporation and Reuters Group.