Scotiabank reaffirmed their sector perform rating on shares of Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI in a report released on Friday morning, Marketbeat reports. The firm currently has a $188.00 price objective on the business services provider's stock.
A number of other research analysts have also issued reports on the company. Bank of America began coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. CIBC upped their price target on shares of Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. TD Securities lifted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, StockNews.com raised Thomson Reuters from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of "Hold" and an average target price of $183.70.
Read Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Performance
NYSE TRI traded down $1.23 during mid-day trading on Friday, reaching $184.51. 1,021,855 shares of the stock were exchanged, compared to its average volume of 416,051. Thomson Reuters has a 1 year low of $150.01 and a 1 year high of $189.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. The business's 50 day moving average is $175.08 and its 200-day moving average is $169.22. The company has a market capitalization of $83.11 billion, a P/E ratio of 37.73, a P/E/G ratio of 5.67 and a beta of 0.75.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. On average, equities research analysts forecast that Thomson Reuters will post 3.89 EPS for the current fiscal year.
Thomson Reuters Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.595 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.29%. Thomson Reuters's dividend payout ratio is presently 49.69%.
Institutional Investors Weigh In On Thomson Reuters
Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in shares of Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares during the period. Bridgewater Advisors Inc. acquired a new position in Thomson Reuters in the first quarter valued at approximately $452,000. Larson Financial Group LLC grew its position in Thomson Reuters by 5.9% in the first quarter. Larson Financial Group LLC now owns 19,884 shares of the business services provider's stock worth $3,436,000 after acquiring an additional 1,115 shares during the period. Whittier Trust Co. increased its stake in Thomson Reuters by 1,008.9% during the first quarter. Whittier Trust Co. now owns 621 shares of the business services provider's stock worth $107,000 after acquiring an additional 565 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Thomson Reuters by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 461,791 shares of the business services provider's stock valued at $79,788,000 after purchasing an additional 5,046 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Company Profile
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Get Free Report)
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.
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