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

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $186.00.

A number of analysts have commented on the company. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating in a research report on Thursday, August 28th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Huber Research raised Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. Cibc World Mkts raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Thomson Reuters in a research report on Wednesday, October 8th.

Thomson Reuters Price Performance

Shares of TRI stock opened at $162.38 on Tuesday. Thomson Reuters has a 1-year low of $149.47 and a 1-year high of $218.42. The stock’s fifty day simple moving average is $165.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. The stock has a market cap of $72.53 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 5.28 and a beta of 0.74.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Tuesday, February 8th. The company reported $0.54 earnings per share for the quarter. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.The firm had revenue of $1.62 billion for the quarter.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters’s payout ratio is 65.75%.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides 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.