Thomson Reuters Co. (NYSE:TRI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Thomson Reuters has received a consensus rating of "Moderate Buy" from twelve brokerages, with six recommending a buy and six a hold.
• Analysts have set an average price target of $201.90 for the stock, while TD Securities recently raised their target to $285.00.
• The company announced a quarterly dividend of $0.595 per share, reflecting a 1.3% dividend yield and a payout ratio of 65.75%.

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has received a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $201.90.

A number of research analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Thomson Reuters from $181.00 to $182.00 and gave the company a "hold" rating in a report on Thursday, August 7th. CIBC upgraded shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 19th. Scotiabank raised Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $188.00 to $200.00 in a research note on Wednesday, August 6th. Wells Fargo & Company cut their price objective on shares of Thomson Reuters from $213.00 to $187.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Finally, TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating and boosted their target price for the stock from $275.00 to $285.00 in a report on Thursday, August 28th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRI. Mackenzie Financial Corp lifted its holdings in Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after buying an additional 4,977,006 shares during the last quarter. TLT Family Holdco ULC bought a new stake in shares of Thomson Reuters during the second quarter valued at approximately $865,442,000. LCC Family Corp. bought a new position in shares of Thomson Reuters in the second quarter valued at approximately $813,253,000. SEG Family Corp. bought a new position in shares of Thomson Reuters in the second quarter valued at approximately $659,930,000. Finally, Norges Bank bought a new stake in shares of Thomson Reuters in the 2nd quarter worth approximately $275,036,000. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Up 0.7%

TRI stock traded up $1.24 during trading on Monday, hitting $178.74. 264,164 shares of the company's stock were exchanged, compared to its average volume of 891,125. The business has a 50-day moving average price of $191.36 and a two-hundred day moving average price of $185.46. The stock has a market capitalization of $80.55 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 5.67 and a beta of 0.74. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. Thomson Reuters has a 52-week low of $151.60 and a 52-week high of $218.42.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, equities research analysts expect that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is presently 65.75%.

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.