Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its target price lowered by Morgan Stanley from $52.00 to $49.00 in a report issued on Thursday, November 2nd. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.
A number of other analysts have also weighed in on TRI. Zacks Investment Research lowered Thomson Reuters Corp from a buy rating to a hold rating in a research note on Saturday, September 2nd. Macquarie upgraded Thomson Reuters Corp to a buy rating and raised their price target for the company from $51.00 to $58.00 in a report on Tuesday, October 3rd. Credit Suisse Group started coverage on Thomson Reuters Corp in a research report on Tuesday, October 24th. They issued a neutral rating and a $52.00 target price on the stock. Scotiabank raised their target price on Thomson Reuters Corp from $45.00 to $47.00 and gave the stock a sector perform rating in a research report on Wednesday, August 2nd. Finally, TD Securities raised Thomson Reuters Corp from a hold rating to a buy rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company 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. Thomson Reuters Corp has a one year low of $42.22 and a one year high of $48.61. 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 (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.91%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. equities analysts predict that Thomson Reuters Corp will post 2.46 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be issued a $0.345 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.38 annualized dividend and a yield of 3.14%. Thomson Reuters Corp’s dividend payout ratio (DPR) is presently 93.24%.
Several large investors have recently bought and sold shares of TRI. Huntington National Bank bought a new position in shares of Thomson Reuters Corp during the 2nd quarter worth about $106,000. ETF Managers Group LLC acquired a new position in Thomson Reuters Corp in the second quarter valued at about $127,000. Omnia Family Wealth LLC boosted its position in Thomson Reuters Corp by 0.3% in the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after buying an additional 10 shares in the last quarter. Beach Investment Management LLC. bought a new position in shares of Thomson Reuters Corp in the second quarter worth about $203,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Thomson Reuters Corp in the third quarter worth about $216,000. Institutional investors own 24.73% of the company’s stock.
Thomson Reuters Corp Company Profile
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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