Thomson Reuters’ (TRI) Buy Rating Reaffirmed at National Bank Financial

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National Bank Financial reiterated their buy rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research note released on Wednesday morning. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.61 EPS, FY2019 earnings at $1.33 EPS and FY2020 earnings at $1.98 EPS.

A number of other research analysts also recently issued reports on TRI. Zacks Investment Research upgraded Thomson Reuters from a strong sell rating to a buy rating and set a $47.00 price objective for the company in a research note on Sunday, July 15th. Royal Bank of Canada boosted their price objective on Thomson Reuters from $44.00 to $45.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Canaccord Genuity reiterated a buy rating and set a $50.00 price objective on shares of Thomson Reuters in a research note on Wednesday, September 5th. ValuEngine upgraded Thomson Reuters from a hold rating to a buy rating in a research note on Wednesday, September 12th. Finally, Morgan Stanley upgraded Thomson Reuters from an equal weight rating to an overweight rating and set a $52.00 price objective for the company in a research note on Thursday, September 13th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Thomson Reuters currently has an average rating of Buy and an average target price of $50.00.

NYSE TRI opened at $48.08 on Wednesday. Thomson Reuters has a 52 week low of $36.52 and a 52 week high of $48.41. The stock has a market cap of $26.87 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 10.77 and a beta of 0.52. The company has a quick ratio of 2.31, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Thomson Reuters will post 0.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, November 14th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.91%. Thomson Reuters’s payout ratio is 54.98%.

Several large investors have recently made changes to their positions in TRI. Massachusetts Financial Services Co. MA boosted its stake in Thomson Reuters by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,803,317 shares of the business services provider’s stock worth $402,135,000 after purchasing an additional 60,838 shares during the period. Mawer Investment Management Ltd. boosted its stake in Thomson Reuters by 20.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,517,788 shares of the business services provider’s stock worth $142,070,000 after purchasing an additional 604,871 shares during the period. Parnassus Investments CA boosted its stake in Thomson Reuters by 39.5% in the 2nd quarter. Parnassus Investments CA now owns 2,937,541 shares of the business services provider’s stock worth $118,442,000 after purchasing an additional 832,502 shares during the period. FMR LLC boosted its stake in Thomson Reuters by 596.2% in the 3rd quarter. FMR LLC now owns 1,958,650 shares of the business services provider’s stock worth $89,376,000 after purchasing an additional 1,677,302 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Thomson Reuters by 80.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,845,888 shares of the business services provider’s stock worth $74,758,000 after purchasing an additional 821,146 shares during the period. Institutional investors own 28.18% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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