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

Thomson Reuters Corp (NASDAQ:TRI) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $147.9615.

Several research firms recently issued reports on TRI. Morgan Stanley set a $116.00 target price on shares of Thomson Reuters in a report on Friday, February 6th. BMO Capital Markets set a $165.00 price target on shares of Thomson Reuters in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce set a $183.00 price objective on shares of Thomson Reuters and gave the stock an “outperformer” rating in a research note on Friday, January 16th. Bank of America raised their price objective on shares of Thomson Reuters from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Scotiabank restated an “outperform” rating and set a $156.00 target price (down from $189.00) on shares of Thomson Reuters in a research note on Friday, February 6th.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently made changes to their positions in the business. AGF Management Ltd. increased its holdings in shares of Thomson Reuters by 186.8% in the third quarter. AGF Management Ltd. now owns 870,312 shares of the company’s stock worth $135,592,000 after purchasing an additional 566,908 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Thomson Reuters during the 3rd quarter valued at approximately $3,485,000. Profund Advisors LLC bought a new stake in Thomson Reuters in the 3rd quarter worth approximately $5,061,000. JCIC Asset Management Inc. purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $4,015,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Thomson Reuters during the 3rd quarter worth approximately $10,117,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $90.38 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day simple moving average of $99.88 and a two-hundred day simple moving average of $129.20. The firm has a market capitalization of $40.22 billion, a PE ratio of 27.14, a P/E/G ratio of 1.30 and a beta of 0.81. Thomson Reuters has a 52-week low of $79.71 and a 52-week high of $218.42.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings data on Thursday, February 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.655 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s payout ratio is 78.68%.

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.