Thomson Reuters Corp (TRI) – What Are Investment Firms Saying About This Stock?

Thomson Reuters Corp (NASDAQ:TRI) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $130.97.

Several equities analysts recently issued reports on the stock. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada raised their price target on Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Morgan Stanley set a $110.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday.

Institutional Investors Weigh In On Thomson Reuters

A number of hedge funds have recently added to or reduced their stakes in TRI. PNC Financial Services Group Inc. boosted its position in shares of 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 in the last quarter. Kestra Advisory Services LLC grew 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 buying an additional 134 shares during the period. Griffin Asset Management Inc. grew 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 buying an additional 175 shares during the period. Hillsdale Investment Management Inc. increased its position in Thomson Reuters by 25.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 907 shares of the company’s stock valued at $82,000 after buying an additional 183 shares in the last quarter. Finally, Burkett Asset Management Ltd increased its position in Thomson Reuters by 1.6% in the 3rd quarter. Burkett Asset Management Ltd now owns 15,627 shares of the company’s stock valued at $1,525,000 after buying an additional 253 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Thomson Reuters stock opened at $108.23 on Tuesday. 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 $46.89 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. Thomson Reuters has a one year low of $76.28 and a one year high of $164.30. The business has a 50 day simple moving average of $102.22 and a 200 day simple moving average of $93.98.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%. Thomson Reuters’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, sell-side analysts forecast that Thomson Reuters will post 4.48 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $0.6550 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.62 annualized dividend and a yield of 2.4%. Thomson Reuters’s dividend payout ratio is 69.68%.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and technology solutions for professionals and institutions. The company serves customers in the legal, tax, accounting, audit, corporate, government, risk and compliance sectors, as well as the media industry. Its offerings combine authoritative content with workflow tools, data analytics and artificial intelligence.

Key products and services include Westlaw and Practical Law for legal research and practice management; Checkpoint and ONESOURCE for tax and accounting professionals; Confirmation for audit-related workflows; and CoCounsel, an AI-assisted legal technology platform.