Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target lowered by Royal Bank Of Canada from $48.00 to $47.00 in a research note published on Thursday, November 2nd. The brokerage currently has a sector perform rating on the business services provider’s stock.
A number of other analysts have also weighed in on TRI. BidaskClub lowered Thomson Reuters Corp from a buy rating to a hold rating in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an equal weight rating and set a $49.00 price objective (up from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. TD Securities lowered their price objective on Thomson Reuters Corp from $65.00 to $61.00 and set a hold rating on the stock in a research report on Thursday, July 20th. Canaccord Genuity set a $47.00 target price on Thomson Reuters Corp and gave the company a hold rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG boosted their target price on Thomson Reuters Corp from $50.00 to $55.00 and gave the company a buy rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $51.31.
Thomson Reuters Corp (TRI) traded up $0.11 on Thursday, hitting $43.98. 780,896 shares of the stock were exchanged, compared to its average volume of 1,146,484. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.41. The firm has a market cap of $31,390.00, a P/E ratio of 17.50, a P/E/G ratio of 2.15 and a beta of 0.74. Thomson Reuters Corp has a one year low of $42.22 and a one year high of $48.61.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Thomson Reuters Corp had a return on equity of 13.91% and a net margin of 27.20%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. equities analysts predict that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters Corp’s dividend payout ratio (DPR) is 93.24%.
Several institutional investors and hedge funds have recently bought and sold shares of TRI. Huntington National Bank acquired a new position in Thomson Reuters Corp in the 2nd quarter valued at about $106,000. ETF Managers Group LLC purchased a new stake in Thomson Reuters Corp in the 2nd quarter valued at approximately $127,000. Omnia Family Wealth LLC raised its holdings in Thomson Reuters Corp by 0.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 10 shares during the last quarter. Beach Investment Management LLC. acquired a new position in Thomson Reuters Corp in the 2nd quarter valued at $203,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Thomson Reuters Corp during the 3rd quarter worth $216,000. Institutional investors and hedge funds own 24.73% of the company’s stock.
About Thomson Reuters Corp
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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