Thomson Reuters Co. (NYSE:TRI) Receives $195.27 Consensus Price Target from Analysts

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

Several research analysts recently commented on TRI shares. TD Securities upgraded shares of Thomson Reuters from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $275.00 to $285.00 in a research note on Thursday, August 28th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Morgan Stanley set a $172.00 price objective on Thomson Reuters in a report on Tuesday, November 4th. Wells Fargo & Company raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $187.00 to $212.00 in a research report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. reduced their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th.

Thomson Reuters Trading Down 0.9%

TRI opened at $130.70 on Wednesday. Thomson Reuters has a 12 month low of $128.16 and a 12 month high of $218.42. The stock has a fifty day moving average price of $144.24 and a 200-day moving average price of $171.53. 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 current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.78 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, equities research analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

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

Institutional Investors Weigh In On Thomson Reuters

Hedge funds have recently added to or reduced their stakes in the business. Curio Wealth LLC grew 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 valued at $33,000 after acquiring an additional 162 shares during the period. Westside Investment Management Inc. purchased a new position in Thomson Reuters during the second quarter worth approximately $34,000. Ameritas Advisory Services LLC acquired a new stake in Thomson Reuters in the second quarter valued at approximately $37,000. AlphaCore Capital LLC purchased a new stake in shares of Thomson Reuters in the second quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after buying an additional 83 shares in the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

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.