Thomson Reuters Co. (NYSE:TRI) Receives $175.20 Consensus PT from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given an average rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $175.20.

Several analysts have commented on TRI shares. Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Scotiabank lifted their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company began coverage on Thomson Reuters in a research note on Tuesday, November 26th. They issued an “equal weight” rating and a $165.00 target price on the stock. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aigen Investment Management LP grew its position in shares of Thomson Reuters by 87.4% in the third quarter. Aigen Investment Management LP now owns 7,326 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 3,417 shares during the period. Meridian Wealth Management LLC purchased a new stake in Thomson Reuters during the 3rd quarter worth approximately $4,506,000. Icon Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 547.4% during the third quarter. Icon Wealth Advisors LLC now owns 7,943 shares of the business services provider’s stock valued at $1,355,000 after acquiring an additional 6,716 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Thomson Reuters by 87.1% in the second quarter. Toronto Dominion Bank now owns 505,050 shares of the business services provider’s stock valued at $85,136,000 after acquiring an additional 235,145 shares in the last quarter. Finally, EFG Asset Management Americas Corp. boosted its stake in shares of Thomson Reuters by 65.4% in the second quarter. EFG Asset Management Americas Corp. now owns 16,500 shares of the business services provider’s stock worth $2,781,000 after acquiring an additional 6,525 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

NYSE TRI opened at $162.00 on Wednesday. The company has a market cap of $72.89 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 5.69 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average price is $165.34 and its 200 day moving average price is $166.23. Thomson Reuters has a 1 year low of $142.80 and a 1 year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a dividend of $0.54 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.33%. Thomson Reuters’s dividend payout ratio (DPR) is 42.52%.

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.