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

Shares of Thomson Reuters Corp (NASDAQ:TRI) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $144.8434.

TRI has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. TD Securities restated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. UBS Group set a $185.74 price target on Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Scotiabank set a $138.00 price target on Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRI. AGF Management Ltd. lifted its holdings in Thomson Reuters by 186.8% during the 3rd quarter. AGF Management Ltd. now owns 870,312 shares of the company’s stock worth $135,592,000 after buying an additional 566,908 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Thomson Reuters during the 3rd quarter worth about $3,485,000. Vanguard Group Inc. lifted its holdings in Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after buying an additional 85,684 shares during the last quarter. Profund Advisors LLC purchased a new stake in Thomson Reuters during the 3rd quarter worth about $5,061,000. Finally, JCIC Asset Management Inc. purchased a new stake in Thomson Reuters during the 3rd quarter worth about $4,015,000. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Price Performance

NASDAQ:TRI opened at $85.86 on Friday. The stock has a 50 day moving average price of $91.19 and a 200 day moving average price of $111.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $37.45 billion, a PE ratio of 24.98, a P/E/G ratio of 1.27 and a beta of 0.80. Thomson Reuters has a one year low of $78.60 and a one year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last posted its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. Equities research analysts expect that Thomson Reuters will post 4.44 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.655 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.1%. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

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.