Thomson Reuters Corp (NASDAQ:TRI) Stock Has Consensus Price Target of $131.57 According to Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $130.97.

Several research firms recently issued reports on TRI. Morgan Stanley set a $110.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday. Scotia dropped their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Canaccord Genuity Group cut their price target on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the company an “equal weight” rating in a research report on Tuesday, June 30th.

Institutional Trading of Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $45,000. Western Wealth Management LLC acquired a new position in Thomson Reuters during the 1st quarter worth $48,000. GK Wealth Management LLC bought a new position in Thomson Reuters in the third quarter valued at about $53,000. SBI Securities Co. Ltd. boosted its position in shares of Thomson Reuters by 66.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock worth $64,000 after purchasing an additional 315 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Thomson Reuters by 135.8% in the first quarter. Fifth Third Bancorp now owns 823 shares of the company’s stock valued at $74,000 after buying an additional 474 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

TRI stock opened at $107.89 on Tuesday. The firm has a market cap of $46.74 billion, a P/E ratio of 25.28, a PEG ratio of 2.02 and a beta of 0.75. Thomson Reuters has a 1 year low of $76.28 and a 1 year high of $164.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The stock’s 50 day moving average price is $102.00 and its 200 day moving average price is $93.74.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, sell-side analysts expect that Thomson Reuters will post 4.48 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $0.6550 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.4%. Thomson Reuters’s payout ratio is currently 69.68%.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global content and technology company that provides trusted information, software, and services to professionals and organizations. Its offerings are designed to support legal, tax, accounting, corporate, government, and media customers with research, workflow management, compliance, and decision-making.

The company serves legal professionals through products such as Westlaw, Practical Law, and CoCounsel, its generative artificial intelligence legal assistant.