Thomson Reuters Corp (NASDAQ:TRI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Thomson Reuters, with 10 buy ratings, six holds, and one strong buy. The average 12-month price target is $131.57, implying upside from the $99.48 share price.
• Thomson Reuters beat quarterly expectations, reporting $0.99 EPS versus $0.96 expected and $1.93 billion in revenue, up 9.5% year over year.
• The company declared a quarterly dividend of $0.655 per share, equal to $2.62 annually and a 2.6% yield; shares were recently trading down 1.8%.

Shares of Thomson Reuters Corp (NASDAQ:TRI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $131.5659.

TRI has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a "sector outperform" rating and set a $135.00 target price on shares of Thomson Reuters in a research report on Thursday, August 6th. Barclays decreased their price target on Thomson Reuters from $140.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, September 8th. Royal Bank Of Canada lifted their price target on Thomson Reuters from $121.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Scotia cut their price objective on Thomson Reuters from $138.00 to $135.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 price objective on shares of Thomson Reuters and gave the company an "equal weight" rating in a research note on Tuesday, June 30th.

Thomson Reuters Trading Down 1.8%

Shares of NASDAQ:TRI opened at $99.48 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $43.10 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.94 and a beta of 0.74. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $169.60. The company has a 50 day moving average price of $100.72 and a 200 day moving average price of $93.73.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Thomson Reuters will post 4.48 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.655 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.6%. Thomson Reuters's payout ratio is currently 69.68%.

Institutional Investors Weigh In On Thomson Reuters

Hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in Thomson Reuters during the 1st quarter worth approximately $48,000. Continuum Advisory LLC purchased a new stake in shares of Thomson Reuters in the second quarter valued at $45,000. Hantz Financial Services Inc. lifted its holdings in shares of Thomson Reuters by 1,011.7% in the fourth quarter. Hantz Financial Services Inc. now owns 667 shares of the company's stock valued at $88,000 after purchasing an additional 607 shares in the last quarter. Allworth Financial LP boosted its position in shares of Thomson Reuters by 72.8% in the fourth quarter. Allworth Financial LP now owns 700 shares of the company's stock worth $92,000 after buying an additional 295 shares during the period. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of Thomson Reuters by 38.0% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 730 shares of the company's stock worth $96,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company's offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.

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