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

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

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Scotiabank reaffirmed a “sector outperform” rating and issued a $135.00 price target on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotia cut their price objective on Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a report on Thursday, August 6th. Finally, Barclays reduced their price objective on Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th.

Thomson Reuters Price Performance

Shares of TRI opened at $99.48 on Friday. The business’s 50-day moving average is $100.72 and its 200-day moving average is $93.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $43.10 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.94 and a beta of 0.74. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $169.60.

Thomson Reuters (NASDAQ:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Thomson Reuters will post 4.48 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.6%. Thomson Reuters’s dividend payout ratio (DPR) is 69.68%.

Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently made changes to their positions in TRI. PNC Financial Services Group Inc. raised its holdings in Thomson Reuters by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after purchasing an additional 130 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Thomson Reuters by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock valued at $871,000 after purchasing an additional 134 shares during the last quarter. Griffin Asset Management Inc. boosted its stake in shares of Thomson Reuters by 1.4% in the 1st quarter. Griffin Asset Management Inc. now owns 12,646 shares of the company’s stock valued at $1,138,000 after purchasing an additional 175 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Thomson Reuters by 25.3% during the first quarter. Hillsdale Investment Management Inc. now owns 907 shares of the company’s stock worth $82,000 after buying an additional 183 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of Thomson Reuters by 25.3% during the fourth quarter. Manchester Capital Management LLC now owns 921 shares of the company’s stock worth $121,000 after buying an additional 186 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company’s offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.