Thomson Reuters Co. (NYSE:TRI) Receives $175.20 Consensus Price Target from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given an average rating of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $175.20.

A number of equities analysts recently issued reports on TRI shares. StockNews.com lowered shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Wells Fargo & Company began coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price objective for the company. Scotiabank lifted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, National Bank Financial raised Thomson Reuters from a “sector perform” rating to an “outperform” rating in a report on Monday, September 9th.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRI. Rothschild Investment LLC bought a new position in shares of Thomson Reuters in the second quarter valued at approximately $25,000. Asset Dedication LLC increased its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares in the last quarter. Clean Yield Group bought a new position in Thomson Reuters in the 3rd quarter valued at $42,000. Ashton Thomas Securities LLC acquired a new position in Thomson Reuters in the third quarter worth $47,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock worth $56,000 after purchasing an additional 167 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Shares of TRI opened at $162.00 on Wednesday. The company has a market capitalization of $72.89 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 5.69 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters has a one year low of $142.80 and a one year high of $176.03. The company’s fifty day moving average price is $165.34 and its 200 day moving average price is $166.29.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, analysts expect that Thomson Reuters will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 annualized dividend and a dividend yield of 1.33%. Thomson Reuters’s dividend payout ratio is presently 42.52%.

About Thomson Reuters

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.