Thomson Reuters Co. (NYSE:TRI) Given Consensus Recommendation of "Hold" by Analysts

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have received an average recommendation of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $187.30.

A number of research firms have issued reports on TRI. Wells Fargo & Company increased their price objective on Thomson Reuters from $187.00 to $213.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Barclays increased their price objective on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. TD Securities reiterated a "hold" rating on shares of Thomson Reuters in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen cut Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd.

Hedge Funds Weigh In On Thomson Reuters

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Advisory Solutions LLC purchased a new position in shares of Thomson Reuters in the 2nd quarter worth approximately $280,000. Argent Capital Management LLC boosted its holdings in Thomson Reuters by 3.1% during the 2nd quarter. Argent Capital Management LLC now owns 99,145 shares of the business services provider's stock valued at $19,941,000 after acquiring an additional 2,975 shares during the period. Great Waters Wealth Management purchased a new position in Thomson Reuters during the 2nd quarter valued at $216,000. Kaydan Wealth Management Inc. purchased a new position in Thomson Reuters during the 2nd quarter valued at $216,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Thomson Reuters by 1.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,011 shares of the business services provider's stock valued at $1,206,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Trading Down 1.6%

Shares of NYSE:TRI traded down $3.36 during trading on Friday, reaching $210.85. 1,177,201 shares of the company traded hands, compared to its average volume of 465,428. The firm has a market capitalization of $95.00 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 5.67 and a beta of 0.76. Thomson Reuters has a 52-week low of $150.01 and a 52-week 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. The business's fifty day moving average is $195.38 and its 200-day moving average is $179.85.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. As a group, analysts forecast 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 was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is 49.69%.

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.