Thomson Reuters Co. (NYSE:TRI) Receives $175.20 Average Price Target from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $175.20.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of Thomson Reuters by 23.8% in the first quarter. Janus Henderson Group PLC now owns 16,770 shares of the business services provider’s stock valued at $2,612,000 after buying an additional 3,223 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Thomson Reuters by 6.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,338 shares of the business services provider’s stock worth $832,000 after buying an additional 324 shares during the period. Atria Investments Inc purchased a new stake in Thomson Reuters in the first quarter valued at approximately $1,006,000. Cetera Advisors LLC boosted its position in shares of Thomson Reuters by 12.0% during the first quarter. Cetera Advisors LLC now owns 3,172 shares of the business services provider’s stock worth $494,000 after buying an additional 341 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Thomson Reuters by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,405 shares of the business services provider’s stock valued at $4,574,000 after buying an additional 3,121 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 1.2 %

TRI opened at $164.60 on Friday. Thomson Reuters has a 12 month low of $138.83 and a 12 month high of $176.03. The stock has a fifty day moving average price of $166.55 and a 200-day moving average price of $167.02. The firm has a market cap of $74.06 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 5.50 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

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

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio is presently 42.52%.

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.