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

Thomson Reuters Corp (NASDAQ:TRI) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $144.8434.

A number of analysts have recently issued reports on the company. Weiss Ratings raised Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Barclays reaffirmed an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their target price on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, UBS Group set a $185.74 target price on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd.

Thomson Reuters Trading Up 0.8%

Shares of TRI opened at $81.15 on Wednesday. The stock’s 50-day moving average is $88.04 and its two-hundred day moving average is $104.31. The stock has a market cap of $35.40 billion, a PE ratio of 23.61, a P/E/G ratio of 1.20 and a beta of 0.77. Thomson Reuters has a 12 month low of $78.15 and a 12 month high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts forecast that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s payout ratio is presently 76.16%.

Institutional Trading of Thomson Reuters

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Thomson Reuters by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock valued at $762,320,000 after buying an additional 85,684 shares during the last quarter. ING Groep NV bought a new stake in Thomson Reuters in the third quarter valued at about $3,667,000. ProShare Advisors LLC bought a new stake in Thomson Reuters in the third quarter valued at about $75,839,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Thomson Reuters in the third quarter valued at about $5,593,000. Finally, Bank of Nova Scotia increased its holdings in Thomson Reuters by 16.5% in the third quarter. Bank of Nova Scotia now owns 435,265 shares of the company’s stock valued at $67,612,000 after buying an additional 61,597 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

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.