Thomson Reuters (NYSE:TRI) Sets New 12-Month High - Should You Buy?

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI hit a new 52-week high during mid-day trading on Monday . The company traded as high as $199.63 and last traded at $199.56, with a volume of 109593 shares traded. The stock had previously closed at $197.93.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TRI shares. JPMorgan Chase & Co. raised their price target on Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $187.00 to $213.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Barclays increased their target price on Thomson Reuters from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Bank of America started coverage on Thomson Reuters in a research report on Thursday, April 10th. They set a "neutral" rating and a $180.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of "Hold" and an average price target of $187.30.

Thomson Reuters Trading Up 0.3%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $90.86 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The business's fifty day moving average price is $191.76 and its 200 day moving average price is $177.18.

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 (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. Thomson Reuters's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS. Research analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 15th. Thomson Reuters's dividend payout ratio is currently 49.69%.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors have recently added to or reduced their stakes in TRI. Curio Wealth LLC purchased a new stake in Thomson Reuters during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the fourth quarter worth approximately $27,000. Cullen Frost Bankers Inc. boosted its stake in Thomson Reuters by 772.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock worth $27,000 after purchasing an additional 139 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in Thomson Reuters during the fourth quarter valued at $29,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the 4th quarter worth $33,000. Hedge funds and other institutional investors 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.