Thomson Reuters Co. (NYSE:TRI) Receives Average Recommendation of "Hold" from Analysts

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has been given a consensus recommendation of "Hold" by the eleven brokerages that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $187.30.

TRI has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Scotiabank reiterated a "sector perform" rating and set a $188.00 price objective on shares of Thomson Reuters in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Bank of America assumed coverage on shares of Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 target price on the stock.

Thomson Reuters Stock Down 1.1%

Shares of NYSE TRI traded down $2.11 during trading hours on Wednesday, hitting $193.85. 638,484 shares of the stock were exchanged, compared to its average volume of 440,265. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $87.33 billion, a PE ratio of 39.64, a PEG ratio of 5.67 and a beta of 0.77. The firm has a fifty day moving average price of $189.71 and a 200-day moving average price of $175.95. Thomson Reuters has a 12 month low of $150.01 and a 12 month high of $199.11.

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

Thomson Reuters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio is presently 49.69%.

Institutional Trading of Thomson Reuters

Large investors have recently made changes to their positions in the business. Curio Wealth LLC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its holdings 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 acquiring an additional 139 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $29,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at $33,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

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.