Thomson Reuters Corp (NASDAQ:TRI) Receives $144.84 Consensus Price Target from Analysts

Thomson Reuters Corp (NASDAQ:TRI) has been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $144.8434.

Several equities research analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research report on Friday, May 8th. Wells Fargo & Company upped their price objective on shares of Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Argus assumed coverage on shares of Thomson Reuters in a research report on Wednesday, April 22nd. They set a “hold” rating for the company.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth $30,000. Timmons Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $42,000. Montag A & Associates Inc. acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $43,000. J.Safra Asset Management Corp acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $56,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Thomson Reuters in the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Trading Up 1.4%

TRI stock opened at $81.41 on Wednesday. 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 company’s 50-day simple moving average is $88.47 and its 200 day simple moving average is $105.29. Thomson Reuters has a 52 week low of $78.15 and a 52 week high of $218.42. The company has a market capitalization of $35.51 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.18 by $0.05. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.12 earnings per share. Thomson Reuters’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thomson Reuters will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.655 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. Thomson Reuters’s payout ratio 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.