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

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have earned a consensus rating of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $178.18.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. TD Securities boosted their price objective on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday. CIBC raised their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Wells Fargo & Company upped their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th.

Thomson Reuters Stock Down 0.1 %

NYSE TRI traded down $0.24 during trading on Tuesday, reaching $185.74. The company's stock had a trading volume of 1,160,211 shares, compared to its average volume of 418,876. 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 stock has a market capitalization of $83.66 billion, a PE ratio of 37.98, a PEG ratio of 5.67 and a beta of 0.70. Thomson Reuters has a 1-year low of $149.85 and a 1-year high of $189.56. The business has a 50-day moving average price of $174.80 and a 200-day moving average price of $168.97.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last issued its quarterly earnings data 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. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. During the same quarter last year, the business posted $1.11 EPS. The business's revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.28%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's payout ratio is presently 48.67%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new position in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Thomson Reuters during the fourth quarter valued at $27,000. Investment Management Corp VA ADV acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at $29,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Thomson Reuters in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 17.31% of the company's stock.

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.