Thomson Reuters Co. (NYSE:TRI) Receives $193.00 Consensus Price Target from Analysts

Key Points

• Thomson Reuters Co. has received a consensus rating of "Hold" from eleven brokerages, with four recommending a buy and an average price target of $193.00.
• Significant institutional investors have recently increased their holdings in Thomson Reuters, with Mackenzie Financial Corp raising its stake by 139.5% in the last quarter.
• The stock is currently trading down 9.9%, opening at $179.97, with a market cap of $81.10 billion and a P/E ratio of 36.80.

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $194.20.

Several research analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on Thomson Reuters from $181.00 to $182.00 and gave the stock a "hold" rating in a research report on Thursday. Wall Street Zen lowered Thomson Reuters from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. TD Securities dropped their price target on shares of Thomson Reuters from $215.00 to $208.00 and set a "sector perform" rating on the stock in a research note on Thursday. Bank of America assumed coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price objective for the company. Finally, Barclays lifted their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd.

Institutional Trading of Thomson Reuters

Several institutional investors have recently made changes to their positions in TRI. Cullen Frost Bankers Inc. grew its position in Thomson Reuters by 772.2% during the first 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 period. Curio Wealth LLC lifted its holdings in shares of Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider's stock valued at $33,000 after acquiring an additional 162 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in Thomson Reuters in the 2nd quarter valued at $34,000. Investment Management Corp VA ADV purchased a new stake in shares of Thomson Reuters in the fourth quarter worth about $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in Thomson Reuters during the 2nd quarter worth approximately $37,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 0.9%

NYSE TRI traded up $1.59 during trading on Thursday, hitting $181.56. The stock had a trading volume of 1,778,870 shares, compared to its average volume of 855,538. The company has a market capitalization of $81.82 billion, a PE ratio of 37.13, a PEG ratio of 5.67 and a beta of 0.77. Thomson Reuters has a twelve month low of $151.60 and a twelve month high of $218.42. 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 firm has a 50 day moving average price of $199.09 and a 200 day moving average price of $184.83.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter last year, the business posted $0.85 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th will be issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 19th. Thomson Reuters's dividend payout ratio (DPR) is 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.