Thomson Reuters Corp. (TRI) Given Average Rating of “Hold” by Analysts
Thomson Reuters Corp. (NYSE:TRI) has received an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $48.00.
A number of equities research analysts have recently weighed in on TRI shares. Canaccord Genuity reissued a “buy” rating and set a $47.00 target price on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Barclays PLC lifted their target price on Thomson Reuters Corp. from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Macquarie started coverage on Thomson Reuters Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Thomson Reuters Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, TD Securities reissued a “hold” rating and set a $56.00 target price on shares of Thomson Reuters Corp. in a report on Wednesday, August 10th.
Several hedge funds have recently made changes to their positions in TRI. Northwestern Mutual Wealth Management Co. raised its stake in shares of Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock worth $137,000 after buying an additional 2,970 shares during the last quarter. Creative Planning raised its stake in shares of Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock worth $181,000 after buying an additional 1,085 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new stake in shares of Thomson Reuters Corp. during the second quarter worth approximately $182,000. Finally, Archford Capital Strategies LLC raised its stake in shares of Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock worth $217,000 after buying an additional 5,161 shares during the last quarter. 28.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.40% on Friday, reaching $40.00. 347,646 shares of the company traded hands. Thomson Reuters Corp. has a one year low of $33.96 and a one year high of $43.68. The company has a market capitalization of $29.82 billion, a P/E ratio of 23.80 and a beta of 0.82. The firm’s 50 day moving average is $41.12 and its 200 day moving average is $41.30.
Thomson Reuters Corp. (NYSE:TRI) last posted its earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. The company earned $2.77 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Thomson Reuters Corp. will post $2.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, August 16th. Thomson Reuters Corp.’s payout ratio is 80.95%.
Thomson Reuters Corp. Company Profile
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