Analysts Set Thomson Reuters Co. (NYSE:TRI) PT at $183.70

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has been given an average rating of "Hold" by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $183.70.

Several equities research analysts recently weighed in on TRI shares. Wells Fargo & Company lifted their price objective on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. CIBC lifted their target price on Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. The Goldman Sachs Group lifted their target price on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently modified their holdings of the company. Strategic Investment Advisors MI boosted its position in shares of Thomson Reuters by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock worth $372,000 after acquiring an additional 62 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Thomson Reuters by 1.5% during the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock worth $695,000 after acquiring an additional 62 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock worth $192,000 after acquiring an additional 64 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock worth $204,000 after acquiring an additional 68 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Thomson Reuters by 1.5% during the first quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after acquiring an additional 68 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

Thomson Reuters Stock Down 0.1%

Shares of TRI traded down $0.11 during trading hours on Friday, reaching $196.39. The stock had a trading volume of 466,110 shares, compared to its average volume of 430,357. Thomson Reuters has a 12 month low of $150.01 and a 12 month high of $197.32. The firm has a 50-day simple moving average of $181.56 and a 200 day simple moving average of $172.33. 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 company has a market capitalization of $88.47 billion, a price-to-earnings ratio of 40.16, a P/E/G ratio of 5.67 and a beta of 0.75.

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 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $1.11 EPS. The business's revenue was up .8% on a year-over-year basis. Equities research analysts predict that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.595 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters's payout ratio is currently 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.