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

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 $199.11 and last traded at $196.29, with a volume of 217338 shares trading hands. The stock had previously closed at $198.65.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Thomson Reuters from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. CIBC increased their price objective on shares of Thomson Reuters from $165.00 to $174.00 in a report on Friday, February 7th. Scotiabank reissued a "sector perform" rating and issued a $188.00 target price on shares of Thomson Reuters in a report on Friday, May 2nd. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $183.70.

Thomson Reuters Trading Up 0.5%

The company has a 50-day moving average of $183.50 and a 200 day moving average of $173.16. 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 $88.19 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its earnings results on Thursday, May 1st. The business services provider reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current year.

Thomson Reuters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio (DPR) is presently 49.69%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TRI. Cullen Frost Bankers Inc. grew its stake in Thomson Reuters by 772.2% in the first quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after purchasing an additional 139 shares during the last quarter. Curio Wealth LLC bought a new position in shares of Thomson Reuters during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the fourth quarter valued at approximately $27,000. Investment Management Corp VA ADV purchased a new stake in Thomson Reuters during the fourth quarter valued at approximately $29,000. Finally, Noble Wealth Management PBC acquired a new stake in Thomson Reuters in the fourth quarter valued at approximately $33,000. 17.31% of the stock is owned by institutional investors.

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.