Thomson Reuters Co. (NYSE:TRI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $195.2727.

Several research analysts have commented on the company. Scotiabank restated an “outperform” rating and set a $189.00 price objective (down from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. JPMorgan Chase & Co. decreased their price objective on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Wednesday, October 15th. Canaccord Genuity Group set a $174.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a research report on Wednesday, November 5th.

Thomson Reuters Stock Up 1.1%

NYSE:TRI traded up $1.40 during mid-day trading on Wednesday, hitting $133.75. 78,883 shares of the company’s stock were exchanged, compared to its average volume of 985,478. The company has a market cap of $59.50 billion, a PE ratio of 27.36, a P/E/G ratio of 5.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The business has a fifty day moving average price of $143.45 and a 200 day moving average price of $170.27. Thomson Reuters has a one year low of $128.16 and a one year high of $218.42.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Equities analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.595 per share. The ex-dividend date was Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 1.8%. Thomson Reuters’s dividend payout ratio is 61.18%.

Institutional Investors Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently bought and sold shares of TRI. TLT Family Holdco ULC purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth $865,442,000. LCC Family Corp. acquired a new position in shares of Thomson Reuters in the second quarter valued at approximately $813,253,000. SEG Family Corp. acquired a new position in Thomson Reuters in the second quarter valued at $659,930,000. Invesco Ltd. increased its holdings in shares of Thomson Reuters by 461.1% during the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock worth $349,996,000 after buying an additional 1,851,677 shares during the last quarter. Finally, Norges Bank acquired a new stake in Thomson Reuters during the 2nd quarter worth approximately $275,036,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Company Profile

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.