Thomson Reuters Co. (NYSE:TRI) Given Consensus Rating of "Hold" by Brokerages

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has been assigned an average recommendation of "Hold" from the eleven brokerages that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $157.42.

TRI has been the topic of a number of recent research reports. Barclays upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $150.00 to $180.00 in a report on Thursday, March 14th. TD Securities lifted their price objective on shares of Thomson Reuters from $210.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, March 13th. CIBC boosted their target price on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. Scotiabank boosted their target price on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a "sector perform" rating in a report on Friday, February 9th. Finally, National Bank Financial downgraded shares of Thomson Reuters from a "sector perform under weight" rating to an "underperform underweight" rating in a report on Tuesday, February 20th.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in shares of Thomson Reuters by 17.3% in the 3rd quarter. Mackenzie Financial Corp now owns 6,240,651 shares of the business services provider's stock worth $755,514,000 after purchasing an additional 919,603 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Thomson Reuters by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,698,178 shares of the business services provider's stock worth $833,188,000 after purchasing an additional 52,138 shares in the last quarter. FMR LLC lifted its holdings in shares of Thomson Reuters by 26.3% in the 3rd quarter. FMR LLC now owns 5,657,244 shares of the business services provider's stock worth $692,059,000 after purchasing an additional 1,179,155 shares in the last quarter. FIL Ltd lifted its holdings in shares of Thomson Reuters by 9.8% in the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider's stock worth $730,195,000 after purchasing an additional 445,444 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Thomson Reuters by 6.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,088,818 shares of the business services provider's stock worth $500,872,000 after purchasing an additional 240,148 shares in the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Down 0.3 %

TRI traded down $0.49 during trading on Friday, reaching $150.30. The company had a trading volume of 408,861 shares, compared to its average volume of 305,689. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $161.57. The business's fifty day moving average price is $155.87 and its 200 day moving average price is $144.32. The company has a market cap of $67.85 billion, a P/E ratio of 25.74, a PEG ratio of 3.98 and a beta of 0.65.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. Equities analysts anticipate that Thomson Reuters will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.49. The ex-dividend date was Tuesday, February 20th. Thomson Reuters's dividend payout ratio is presently 36.99%.

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.