Thomson Reuters (NASDAQ:TRI) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Thomson Reuters (NASDAQ:TRI) in a research note released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $130.00 target price on the stock.

Several other brokerages have also recently weighed in on TRI. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a research note on Tuesday, June 30th. Morgan Stanley set a $110.00 target price on Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Royal Bank Of Canada increased their target price on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Thomson Reuters from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 15th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.69.

Thomson Reuters Stock Performance

Shares of Thomson Reuters stock opened at $123.26 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters has a twelve month low of $76.28 and a twelve month high of $164.30. The stock has a market cap of $53.42 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 2.21 and a beta of 0.75. The company’s fifty day moving average is $102.97 and its 200 day moving average is $94.53.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $1.93 billion during 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 revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Sell-side analysts forecast that Thomson Reuters will post 4.48 EPS for the current year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a $0.6550 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.1%. Thomson Reuters’s dividend payout ratio (DPR) is 69.68%.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors and hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new stake in Thomson Reuters during the second quarter worth approximately $45,000. Western Wealth Management LLC bought a new stake in Thomson Reuters in the first quarter worth approximately $48,000. GK Wealth Management LLC acquired a new position in Thomson Reuters in the third quarter valued at approximately $53,000. SBI Securities Co. Ltd. lifted its stake in Thomson Reuters by 66.9% in the second quarter. SBI Securities Co. Ltd. now owns 786 shares of the company’s stock valued at $64,000 after buying an additional 315 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Thomson Reuters by 135.8% during the 1st quarter. Fifth Third Bancorp now owns 823 shares of the company’s stock worth $74,000 after buying an additional 474 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

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.