Thomson Reuters Co. (NYSE:TRI) Receives $193.00 Consensus Target Price from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $194.20.

Several research firms recently issued reports on TRI. Wells Fargo & Company cut their price objective on Thomson Reuters from $213.00 to $187.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. National Bankshares reiterated an “outperform” rating on shares of Thomson Reuters in a report on Thursday, July 10th. Wall Street Zen downgraded Thomson Reuters from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Barclays upped their price target on Thomson Reuters from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on Thomson Reuters from $215.00 to $208.00 and set a “sector perform” rating on the stock in a report on Thursday, August 7th.

Thomson Reuters Price Performance

TRI stock opened at $174.77 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $78.76 billion, a PE ratio of 35.74, a P/E/G ratio of 5.67 and a beta of 0.77. Thomson Reuters has a 12-month low of $151.60 and a 12-month high of $218.42. The business’s fifty day moving average price is $198.29 and its 200 day moving average price is $185.31.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, sell-side analysts anticipate that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is currently 65.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its position in shares of Thomson Reuters by 24.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 235,308 shares of the business services provider’s stock worth $47,405,000 after acquiring an additional 46,036 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of Thomson Reuters by 58.9% in the 2nd quarter. Portside Wealth Group LLC now owns 2,451 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 909 shares during the period. Vanguard Group Inc. boosted its position in shares of Thomson Reuters by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,617,231 shares of the business services provider’s stock valued at $1,129,591,000 after purchasing an additional 140,631 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Thomson Reuters by 4.6% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,414 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 62 shares during the period. Finally, PAX Financial Group LLC boosted its position in shares of Thomson Reuters by 38.7% in the 2nd quarter. PAX Financial Group LLC now owns 2,722 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 759 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.