Thomson Reuters (TRI) Price Target Raised to $53.00

Share on StockTwits

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target lifted by Royal Bank of Canada from $50.00 to $53.00 in a research report released on Wednesday morning. Royal Bank of Canada currently has an outperform rating on the business services provider’s stock.

Several other research firms also recently commented on TRI. Piper Jaffray Companies restated a hold rating on shares of Thomson Reuters in a research report on Wednesday, November 7th. CIBC restated a hold rating and set a $53.00 target price on shares of Thomson Reuters in a research report on Wednesday. National Bank Financial restated a buy rating on shares of Thomson Reuters in a research report on Wednesday, November 7th. TD Securities restated a buy rating and set a $69.00 target price on shares of Thomson Reuters in a research report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded Thomson Reuters from a hold rating to a buy rating and set a $51.00 target price for the company in a research report on Wednesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $51.36.

Shares of TRI stock opened at $50.49 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 12 month low of $36.52 and a 12 month high of $51.74. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 8.25 and a beta of 0.55.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $0.27 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Thomson Reuters will post 0.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, November 14th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. Thomson Reuters’s dividend payout ratio (DPR) is 55.80%.

Several institutional investors have recently bought and sold shares of TRI. Cerebellum GP LLC bought a new position in Thomson Reuters in the 3rd quarter valued at $190,000. Northern Trust Corp raised its position in Thomson Reuters by 4.8% in the 2nd quarter. Northern Trust Corp now owns 516,102 shares of the business services provider’s stock valued at $20,809,000 after purchasing an additional 23,457 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Thomson Reuters in the 3rd quarter valued at $11,786,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Thomson Reuters in the 2nd quarter valued at $202,000. Finally, Jane Street Group LLC increased its stake in shares of Thomson Reuters by 83.4% in the 2nd quarter. Jane Street Group LLC now owns 51,973 shares of the business services provider’s stock valued at $2,096,000 after buying an additional 23,638 shares during the period. Institutional investors and hedge funds own 33.08% of the company’s stock.

About Thomson Reuters

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.

Featured Article: Average Daily Trade Volume – What You Need to Know

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.