Thomson Reuters Corp (NASDAQ:TRI) Given Consensus Rating of “Moderate Buy” by Analysts

Thomson Reuters Corp (NASDAQ:TRI) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $131.5659.

Several brokerages have commented on TRI. Canaccord Genuity Group cut their price target on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Scotia lowered their target price on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Scotiabank reiterated a “sector outperform” rating and set a $135.00 target price on shares of Thomson Reuters in a report on Thursday, August 6th. Finally, TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Thomson Reuters in the fourth quarter valued at $448,000. AQR Capital Management LLC lifted its stake in Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock valued at $2,964,000 after purchasing an additional 3,988 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Thomson Reuters during the first quarter worth about $205,000. Prudential Financial Inc. bought a new stake in Thomson Reuters in the second quarter valued at approximately $234,000. Finally, Daiwa Securities Group Inc. bought a new stake in Thomson Reuters in the second quarter valued at approximately $646,000. 17.31% of the stock is owned by institutional investors.

Thomson Reuters Price Performance

TRI stock opened at $106.22 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. The stock has a market cap of $46.27 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.75. Thomson Reuters has a 1 year low of $76.28 and a 1 year high of $180.00. The stock has a 50-day moving average price of $95.65 and a two-hundred day moving average price of $92.48.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Thomson Reuters will post 4.45 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.655 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.5%. Thomson Reuters’s dividend payout ratio is currently 69.68%.

About Thomson Reuters

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.