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

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $146.2836.

A number of research firms recently weighed in on TRI. UBS Group set a $185.74 price target on Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on Thomson Reuters from $162.40 to $101.50 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Morgan Stanley set a $117.74 price target on Thomson Reuters in a research note on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price objective for the company in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company increased their price objective on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th.

Thomson Reuters Stock Up 4.7%

TRI stock opened at $82.73 on Friday. The stock’s 50 day simple moving average is $93.46 and its 200 day simple moving average is $113.79. Thomson Reuters has a fifty-two week low of $78.60 and a fifty-two week high of $218.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $36.09 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share 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 business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts expect 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. Stockholders of record on Wednesday, May 20th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 annualized dividend and a dividend yield of 3.2%. Thomson Reuters’s dividend payout ratio is 77.33%.

Institutional Trading of Thomson Reuters

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of Thomson Reuters in the first quarter worth approximately $750,000. Everest Financial Group LLC purchased a new stake in shares of Thomson Reuters in the first quarter worth approximately $204,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Thomson Reuters by 37.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,968 shares of the company’s stock worth $40,578,000 after purchasing an additional 122,625 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Thomson Reuters by 23.7% in the first quarter. Renaissance Technologies LLC now owns 168,695 shares of the company’s stock worth $15,179,000 after purchasing an additional 32,300 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of Thomson Reuters in the first quarter worth approximately $365,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

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.