Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI shares reached a new 52-week high on Monday . The company traded as high as $199.63 and last traded at $199.56, with a volume of 109593 shares. The stock had previously closed at $197.93.
Analyst Upgrades and Downgrades
TRI has been the topic of several analyst reports. Barclays raised their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They issued a "neutral" rating and a $180.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities raised their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Scotiabank restated a "sector perform" rating and set a $188.00 target price on shares of Thomson Reuters in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $187.30.
Read Our Latest Stock Report on TRI
Thomson Reuters Trading Up 0.9%
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 company has a market capitalization of $90.29 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The business has a fifty day moving average price of $192.85 and a 200 day moving average price of $177.73.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released 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. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The business's revenue was up .8% on a year-over-year basis. On average, analysts expect that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.595 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.19%. Thomson Reuters's dividend payout ratio is 49.69%.
Institutional Trading of Thomson Reuters
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp increased its position in shares of Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider's stock worth $1,370,564,000 after purchasing an additional 4,977,006 shares during the last quarter. TD Asset Management Inc grew 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 valued at $951,477,000 after buying an additional 750,063 shares in the last quarter. Vanguard Group Inc. increased its holdings in Thomson Reuters by 1.8% during the first quarter. Vanguard Group Inc. now owns 5,476,600 shares of the business services provider's stock worth $945,069,000 after buying an additional 94,758 shares during the last quarter. TD Asset Management Inc. raised its position in Thomson Reuters by 12.2% during the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider's stock worth $764,654,000 after acquiring an additional 516,605 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Thomson Reuters by 1.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,537,660 shares of the business services provider's stock valued at $437,985,000 after acquiring an additional 44,898 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
Thomson Reuters Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Thomson Reuters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Thomson Reuters wasn't on the list.
While Thomson Reuters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
