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

Key Points

• Thomson Reuters Co. has received a consensus recommendation of "Moderate Buy" from twelve research firms, with an average price target of $202.82.
• Multiple analysts have upgraded Thomson Reuters' stock ratings, including TD Securities, Scotiabank, and Wells Fargo, reflecting a positive outlook for the company.
• The company's recent quarterly earnings exceeded expectations, reporting $0.87 EPS and revenue growth of 2.6% year-over-year.

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $202.8182.

A number of equities analysts recently commented on TRI shares. TD Securities upgraded Thomson Reuters from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $275.00 to $285.00 in a research report on Thursday, August 28th. Scotiabank upgraded Thomson Reuters from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $188.00 to $200.00 in a research report on Wednesday, August 6th. Wells Fargo & Company upgraded shares of Thomson Reuters from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $187.00 to $212.00 in a report on Tuesday, September 9th. CIBC upgraded shares of Thomson Reuters from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 19th. Finally, National Bankshares restated an "outperform" rating on shares of Thomson Reuters in a report on Thursday, July 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its stake in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares in the last quarter. Curio Wealth LLC grew its stake 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 worth $33,000 after purchasing an additional 162 shares in the last quarter. Westside Investment Management Inc. acquired a new position in Thomson Reuters during the 2nd quarter worth $34,000. Ameritas Advisory Services LLC acquired a new position in Thomson Reuters during the 2nd quarter worth $37,000. Finally, AlphaCore Capital LLC acquired a new position in Thomson Reuters during the 2nd quarter worth $39,000. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

NYSE TRI opened at $157.95 on Friday. Thomson Reuters has a 1-year low of $151.60 and a 1-year high of $218.42. The company has a market cap of $70.92 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 5.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock's 50 day simple moving average is $180.31 and its 200-day simple moving average is $184.60.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced 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. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

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

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