Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI's share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $196.27 and last traded at $196.07, with a volume of 817369 shares traded. The stock had previously closed at $193.98.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Scotiabank reissued a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. TD Securities raised their target price on shares of Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Barclays boosted their price objective on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $183.70.
Get Our Latest Stock Analysis on TRI
Thomson Reuters Stock Performance
The company has a market cap of $87.90 billion, a PE ratio of 39.90, a PEG ratio of 5.67 and a beta of 0.75. 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 50-day moving average of $179.56 and a 200-day moving average of $171.62.
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 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. Thomson Reuters's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. As a group, analysts anticipate that Thomson Reuters Co. will post 3.89 earnings per share for the current year.
Thomson Reuters Dividend Announcement
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. The ex-dividend date is Thursday, May 15th. This represents a $2.38 annualized dividend and a dividend yield of 1.22%. Thomson Reuters's dividend payout ratio is currently 49.69%.
Hedge Funds Weigh In On Thomson Reuters
A number of hedge funds and other institutional investors have recently modified their holdings of TRI. Curio Wealth LLC bought a new stake in Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. raised its stake in shares of Thomson Reuters by 772.2% during 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 during the period. Investment Management Corp VA ADV purchased a new position in shares of Thomson Reuters in the 4th quarter worth about $29,000. Finally, Noble Wealth Management PBC bought a new position in Thomson Reuters during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 17.31% of the company's stock.
Thomson Reuters Company Profile
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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.
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