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

Thomson Reuters Corp (NASDAQ:TRI) has been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $142.8306.

Several brokerages recently weighed in on TRI. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th. Barclays reiterated an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Wells Fargo & Company set a $85.00 target price on shares of Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Thomson Reuters in the 4th quarter worth about $30,000. Timmons Wealth Management LLC purchased a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $42,000. Montag A & Associates Inc. bought a new position in shares of Thomson Reuters during the fourth quarter valued at approximately $43,000. Continuum Advisory LLC bought a new position in shares of Thomson Reuters during the second quarter valued at approximately $45,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Thomson Reuters in the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $105.53 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. Thomson Reuters has a 1 year low of $76.28 and a 1 year high of $180.00. The stock’s 50 day simple moving average is $93.08 and its two-hundred day simple moving average is $91.99. The company has a market cap of $45.97 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.55 and a beta of 0.75.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. As a group, equities analysts anticipate that Thomson Reuters will post 4.45 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters’s payout ratio is presently 69.68%.

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.