Thomson Reuters Corp (NASDAQ:TRI) Receives Average Rating of “Moderate Buy” from Analysts

Thomson Reuters Corp (NASDAQ:TRI) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $143.9203.

Several brokerages have weighed in on TRI. UBS Group set a $185.74 target price on Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. TD Securities reiterated a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Barclays reissued an “overweight” rating and issued a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a research note on Friday, May 8th. Finally, Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th.

Thomson Reuters Price Performance

Shares of TRI opened at $88.81 on Friday. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $218.42. The company has a market capitalization of $38.67 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.32 and a beta of 0.77. The firm has a 50-day simple moving average of $85.44 and a 200-day simple moving average of $98.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Thomson Reuters (NASDAQ:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.05. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, equities research analysts anticipate that Thomson Reuters will post 4.44 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s payout ratio is 76.16%.

Institutional Investors Weigh In On Thomson Reuters

A number of hedge funds have recently added to or reduced their stakes in TRI. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Thomson Reuters by 12.5% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 45,844 shares of the company’s stock worth $4,125,000 after buying an additional 5,094 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Thomson Reuters by 9.7% during the first quarter. NewEdge Advisors LLC now owns 5,280 shares of the company’s stock worth $475,000 after acquiring an additional 469 shares during the period. Western Wealth Management LLC acquired a new position in Thomson Reuters during the first quarter worth $48,000. Bank of America Corp DE raised its position in Thomson Reuters by 48.7% in the first quarter. Bank of America Corp DE now owns 1,627,069 shares of the company’s stock worth $146,404,000 after acquiring an additional 532,803 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Thomson Reuters in the first quarter worth $1,775,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.