Thomson Reuters (NYSE:TRI) PT Raised to $156.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective hoisted by CIBC from $152.00 to $156.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a neutral rating on the business services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank upped their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a sector perform rating in a research note on Friday, February 9th. TD Securities lifted their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a hold rating in a research report on Wednesday, March 13th. National Bank Financial raised Thomson Reuters from an underperform rating to a sector perform rating in a research note on Tuesday, April 23rd. Royal Bank of Canada boosted their target price on Thomson Reuters from $153.00 to $156.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Finally, Barclays upgraded Thomson Reuters from an equal weight rating to an overweight rating and raised their price target for the company from $150.00 to $180.00 in a research report on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $164.31.

Thomson Reuters Stock Up 1.4 %

Shares of Thomson Reuters stock opened at $167.07 on Friday. Thomson Reuters has a one year low of $117.46 and a one year high of $168.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a fifty day moving average of $155.54 and a two-hundred day moving average of $146.98. The company has a market cap of $75.40 billion, a P/E ratio of 31.82, a PEG ratio of 4.52 and a beta of 0.65.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a return on equity of 15.47% and a net margin of 34.87%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, analysts forecast that Thomson Reuters will post 3.58 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 15th. Thomson Reuters’s payout ratio is 41.14%.

Institutional Trading of Thomson Reuters

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JCIC Asset Management Inc. lifted its stake in shares of Thomson Reuters by 0.4% during the 1st quarter. JCIC Asset Management Inc. now owns 25,295 shares of the business services provider’s stock worth $3,938,000 after purchasing an additional 105 shares during the period. Sciencast Management LP acquired a new position in Thomson Reuters in the first quarter valued at $726,000. Quantbot Technologies LP purchased a new position in Thomson Reuters during the first quarter worth about $610,000. Signaturefd LLC boosted its stake in Thomson Reuters by 3.9% in the 1st quarter. Signaturefd LLC now owns 7,433 shares of the business services provider’s stock worth $1,158,000 after buying an additional 281 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in Thomson Reuters by 22.5% in the 1st quarter. FDx Advisors Inc. now owns 3,757 shares of the business services provider’s stock valued at $585,000 after buying an additional 691 shares during the period. 17.31% of the stock is owned by hedge funds and other institutional investors.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.