Thomson Reuters Corp (NASDAQ:TRI) Stock Rated “Moderate Buy” by Wall Street Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $128.96.

Several research analysts recently commented on the stock. Scotia reduced their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Thomson Reuters from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Barclays lowered their target price on shares of Thomson Reuters from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Finally, Morgan Stanley set a $110.00 price objective on Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th.

Thomson Reuters Stock Down 4.7%

Shares of TRI stock opened at $112.57 on Friday. The stock’s fifty day moving average price is $105.91 and its 200 day moving average price is $97.09. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $142.04. The company has a market cap of $48.78 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.08). The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, research analysts expect that Thomson Reuters will post 4.33 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.6550 per share. This represents a $2.62 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, November 18th. Thomson Reuters’s payout ratio is currently 73.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Thomson Reuters by 109.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,016 shares of the company’s stock valued at $1,635,000 after buying an additional 10,439 shares in the last quarter. NEOS Investment Management LLC lifted its stake in Thomson Reuters by 10.1% in the second quarter. NEOS Investment Management LLC now owns 263,473 shares of the company’s stock worth $21,518,000 after acquiring an additional 24,264 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Thomson Reuters by 2,206.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,461 shares of the company’s stock worth $1,426,000 after acquiring an additional 16,704 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Thomson Reuters during the second quarter valued at approximately $38,770,000. Finally, BlackRock Inc. purchased a new position in Thomson Reuters in the 2nd quarter valued at about $91,548,000. 17.31% of the stock is owned by institutional investors and hedge funds.

About Thomson Reuters

Thomson Reuters is a global provider of information, software and services for legal, tax, accounting, compliance, risk and financial professionals. Its products help customers research complex issues, manage workflows and make informed decisions.

Key offerings include Westlaw and Practical Law for legal research and practice management, Checkpoint for tax and accounting research, and ONESOURCE for tax and trade compliance. The company also provides news and information through Reuters, its global news organization.

Thomson Reuters was formed in 2008 through the combination of Thomson Corporation and Reuters Group.