Thomson Reuters Corp (NASDAQ:TRI) Receives $146.28 Average Price Target from Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $144.8434.

TRI has been the topic of a number of recent analyst reports. BMO Capital Markets set a $167.47 price target on shares of Thomson Reuters in a research report on Friday, February 6th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price target on the stock in a research report on Tuesday, February 10th. UBS Group set a $185.74 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $112.66 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Saturday, February 7th.

Thomson Reuters Stock Down 2.3%

Thomson Reuters stock opened at $85.36 on Friday. Thomson Reuters has a 1-year low of $78.60 and a 1-year high of $218.42. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. The firm’s fifty day moving average price is $91.96 and its two-hundred day moving average price is $111.93. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data 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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 3.1%. Thomson Reuters’s payout ratio is currently 77.33%.

Institutional Trading of Thomson Reuters

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in Thomson Reuters in the fourth quarter worth about $30,000. Cullen Frost Bankers Inc. raised its position in Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after acquiring an additional 83 shares during the period. Timmons Wealth Management LLC bought a new stake in Thomson Reuters in the fourth quarter worth about $42,000. Montag A & Associates Inc. bought a new stake in Thomson Reuters in the fourth quarter worth about $43,000. Finally, Westside Investment Management Inc. raised its position in Thomson Reuters by 100.0% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after acquiring an additional 169 shares during the period. Institutional investors own 17.31% of the company’s stock.

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.