Thomson Reuters Co. (NYSE:TRI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $194.6364.

Several analysts recently commented on TRI shares. JPMorgan Chase & Co. decreased their price target on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. BMO Capital Markets restated an “outperform” rating on shares of Thomson Reuters in a research note on Wednesday, November 5th. Huber Research raised shares of Thomson Reuters to an “overweight” rating in a report on Monday, October 20th. Royal Bank Of Canada cut their price target on shares of Thomson Reuters from $208.00 to $182.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $165.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th.

Thomson Reuters Stock Performance

NYSE TRI opened at $129.23 on Friday. Thomson Reuters has a twelve month low of $126.21 and a twelve month high of $218.42. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $57.49 billion, a P/E ratio of 26.43, a PEG ratio of 5.67 and a beta of 0.80. The company’s 50-day simple moving average is $134.11 and its 200 day simple moving average is $162.38.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, research analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a dividend of $0.595 per share. The ex-dividend date was Tuesday, November 18th. This represents a $2.38 dividend on an annualized basis and a yield of 1.8%. Thomson Reuters’s dividend payout ratio is 61.18%.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Thomson Reuters by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,690,956 shares of the business services provider’s stock valued at $883,680,000 after buying an additional 73,725 shares in the last quarter. TD Asset Management Inc grew its holdings in Thomson Reuters by 3.0% during the 2nd quarter. TD Asset Management Inc now owns 5,681,469 shares of the business services provider’s stock worth $1,140,208,000 after acquiring an additional 166,977 shares during the last quarter. TLT Family Holdco ULC acquired a new stake in Thomson Reuters in the 2nd quarter valued at about $865,442,000. LCC Family Corp. bought a new position in shares of Thomson Reuters in the second quarter worth about $813,253,000. Finally, SEG Family Corp. acquired a new position in shares of Thomson Reuters during the second quarter worth approximately $659,930,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.