Thomson Reuters Co. (NYSE:TRI) Given Average Rating of "Hold" by Analysts

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have been assigned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $187.30.

Several equities analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. TD Securities reissued a "hold" rating on shares of Thomson Reuters in a research report on Tuesday. Scotiabank restated a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. Barclays increased their price target 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. Finally, JPMorgan Chase & Co. increased their price target 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.

Institutional Investors Weigh In On Thomson Reuters

Hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Thomson Reuters by 139.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after acquiring an additional 4,977,006 shares during the last quarter. Norges Bank purchased a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $148,221,000. TD Asset Management Inc increased its stake in shares of Thomson Reuters by 15.7% in the first quarter. TD Asset Management Inc now owns 5,514,492 shares of the business services provider's stock worth $951,477,000 after buying an additional 750,063 shares during the last quarter. Millennium Management LLC increased its stake in shares of Thomson Reuters by 365.6% in the first quarter. Millennium Management LLC now owns 894,074 shares of the business services provider's stock worth $154,475,000 after buying an additional 702,036 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Thomson Reuters by 74.3% during the fourth quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider's stock worth $214,236,000 after purchasing an additional 560,450 shares during the period. 17.31% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

TRI traded up $0.84 on Friday, reaching $211.23. The stock had a trading volume of 1,916,663 shares, compared to its average volume of 479,977. The business's 50-day moving average price is $195.87 and its two-hundred day moving average price is $180.06. Thomson Reuters has a 12-month low of $150.01 and a 12-month high of $218.42. The company has a market cap of $95.17 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 5.67 and a beta of 0.76. 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 posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion for 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Sell-side analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 annualized dividend and a yield of 1.13%. Thomson Reuters's dividend payout ratio (DPR) is currently 49.69%.

Thomson Reuters Company Profile

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.