Thomson Reuters Co. (NYSE:TRI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Thomson Reuters Co. (NYSE:TRI) has received an average rating of "Moderate Buy" from thirteen research firms, with eight analysts recommending a buy and five a hold.
• Recent brokerage reports have varied in their price targets, with the highest at $215.00 from Royal Bank Of Canada and the lowest being $181.00 from Canaccord Genuity Group.
• The company reported a net margin of 30.45% and a revenue of $1.81 billion for the last quarter, exceeding analysts' expectations.

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $202.6364.

A number of brokerages recently commented on TRI. Huber Research raised Thomson Reuters to an "overweight" rating in a report on Monday. CIBC upgraded Thomson Reuters from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada decreased their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating for the company in a research report on Thursday, August 7th. Canaccord Genuity Group upped their price target 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. Finally, Morgan Stanley decreased their price objective on shares of Thomson Reuters from $197.00 to $187.00 and set an "equal weight" rating for the company in a report on Thursday, September 11th.

Thomson Reuters Price Performance

Shares of TRI stock opened at $160.85 on Tuesday. The firm has a fifty day simple moving average of $165.80 and a 200-day simple moving average of $182.69. The company has a market capitalization of $72.22 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. Thomson Reuters has a twelve month low of $149.47 and a twelve month high of $218.42. 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 (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 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 analyst estimates of $1.79 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts anticipate that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Thomson Reuters's payout ratio is currently 65.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TRI. Cullen Frost Bankers Inc. raised its position in shares of Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after acquiring an additional 139 shares in the last quarter. Curio Wealth LLC boosted its position in Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider's stock valued at $33,000 after purchasing an additional 162 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Thomson Reuters during the second quarter valued at $34,000. Ameritas Advisory Services LLC bought a new position in shares of Thomson Reuters during the second quarter worth about $37,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Thomson Reuters in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 17.31% of the company's stock.

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.

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