Thomson Reuters Corp (NASDAQ:TRI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Thomson Reuters Corp (NASDAQ:TRI) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $143.9203.

A number of research analysts have recently weighed in on TRI shares. Argus initiated coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Scotiabank set a $138.00 price objective on Thomson Reuters and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. UBS Group set a $185.74 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Bank of America cut their target price on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday.

Thomson Reuters Stock Performance

TRI opened at $89.21 on Friday. The firm has a 50 day simple moving average of $85.60 and a 200 day simple moving average of $99.77. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $218.42. The company has a market cap of $38.91 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Thomson Reuters will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is presently 76.16%.

Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently bought and sold shares of the company. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters during the second quarter worth $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters in the 2nd quarter valued at $659,930,000. Invesco Ltd. increased its position in shares of Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after buying an additional 1,851,677 shares in the last quarter. Norges Bank bought a new stake in shares of Thomson Reuters in the 4th quarter valued at $153,417,000. Finally, First Trust Advisors LP raised its stake in Thomson Reuters by 312.5% during the 3rd quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock worth $166,976,000 after buying an additional 814,393 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.