Thomson Reuters' (TRI) "Sector Perform" Rating Reiterated at Scotiabank

Scotiabank restated their sector perform rating on shares of Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI in a report released on Friday morning, MarketBeat.com reports. The firm currently has a $188.00 price target on the business services provider's stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company upped their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a report on Friday, February 7th. Bank of America began coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Thomson Reuters currently has a consensus rating of "Hold" and a consensus price target of $183.70.

Thomson Reuters Stock Up 1.2 %

Shares of NYSE TRI traded up $2.19 during trading hours on Friday, hitting $188.20. The company had a trading volume of 178,403 shares, compared to its average volume of 415,035. The stock has a market capitalization of $84.77 billion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. Thomson Reuters has a 1-year low of $150.01 and a 1-year high of $189.89. The firm's 50 day moving average is $175.45 and its 200-day moving average is $169.46. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.595 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a yield of 1.26%. Thomson Reuters's dividend payout ratio is currently 49.69%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JCIC Asset Management Inc. lifted its position in shares of Thomson Reuters by 1.5% in the fourth quarter. JCIC Asset Management Inc. now owns 26,360 shares of the business services provider's stock valued at $4,230,000 after acquiring an additional 395 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Thomson Reuters by 23.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,966 shares of the business services provider's stock valued at $958,000 after buying an additional 1,145 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Thomson Reuters by 26.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,546 shares of the business services provider's stock worth $409,000 after buying an additional 526 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. grew its stake in Thomson Reuters by 0.8% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 205,336 shares of the business services provider's stock valued at $32,974,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Thomson Reuters in the fourth quarter worth about $26,000. 17.31% of the stock is currently owned by institutional investors.

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.