Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective reduced by Bank of America from $44.00 to $42.00 in a research report sent to investors on Monday. They currently have a neutral rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Barclays reduced their price objective on Thomson Reuters from $42.00 to $40.00 and set an equal weight rating for the company in a research note on Monday. Scotiabank reduced their price objective on Thomson Reuters from $49.00 to $43.00 and set an outperform rating for the company in a research note on Monday. Royal Bank of Canada raised Thomson Reuters from a sector perform rating to an outperform rating and set a $44.00 price objective for the company in a research note on Monday. They noted that the move was a valuation call. Canaccord Genuity raised Thomson Reuters from a hold rating to a buy rating in a research note on Monday. Finally, ValuEngine cut Thomson Reuters from a hold rating to a sell rating in a research note on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Thomson Reuters currently has a consensus rating of Hold and an average target price of $46.79.

Shares of Thomson Reuters opened at $38.97 on Monday, MarketBeat reports. The company has a quick ratio of 0.62, a current ratio of 3.08 and a debt-to-equity ratio of 0.40. Thomson Reuters has a 52 week low of $38.15 and a 52 week high of $38.81. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 3.81 and a beta of 0.68.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Friday, May 11th. The business services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.30). Thomson Reuters had a net margin of 7.67% and a return on equity of 11.61%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period last year, the business posted $0.63 EPS. The company’s revenue was up 3.6% on a year-over-year basis. research analysts predict that Thomson Reuters will post 1.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 17th will be given a dividend of $0.345 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.38 annualized dividend and a dividend yield of 3.54%. Thomson Reuters’s payout ratio is 54.98%.

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Thomson Reuters by 31.0% during the first quarter. Millennium Management LLC now owns 1,563,345 shares of the business services provider’s stock valued at $60,423,000 after buying an additional 369,596 shares during the last quarter. Cowen Inc. purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $566,000. Point72 Asset Management L.P. purchased a new position in shares of Thomson Reuters during the first quarter valued at approximately $1,791,000. Guggenheim Capital LLC boosted its position in shares of Thomson Reuters by 325.4% during the first quarter. Guggenheim Capital LLC now owns 61,912 shares of the business services provider’s stock valued at $2,393,000 after buying an additional 47,358 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Thomson Reuters by 32.0% during the first quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock valued at $382,000 after buying an additional 2,400 shares during the last quarter. 25.48% of the stock is currently owned by institutional investors.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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