Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI's stock price hit a new 52-week high on Tuesday . The company traded as high as $196.74 and last traded at $195.88, with a volume of 346157 shares traded. The stock had previously closed at $195.12.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. CIBC boosted their target price on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on Thomson Reuters from $177.00 to $178.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Securities boosted their target price on Thomson Reuters from $177.00 to $182.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Wall Street Zen downgraded Thomson Reuters from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Scotiabank restated a "sector perform" rating and set a $188.00 price target on shares of Thomson Reuters in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of "Hold" and an average target price of $183.70.
View Our Latest Research Report on Thomson Reuters
Thomson Reuters Stock Up 0.3%
The company's fifty day moving average is $182.06 and its 200-day moving average is $172.55. The company has a market capitalization of $88.77 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 5.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its earnings results on Thursday, May 1st. The business services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm'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 predict that Thomson Reuters Co. will post 3.89 EPS for the current fiscal year.
Thomson Reuters Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, May 15th. Thomson Reuters's dividend payout ratio is 49.69%.
Institutional Investors Weigh In On Thomson Reuters
Institutional investors have recently added to or reduced their stakes in the stock. Curio Wealth LLC purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its holdings in Thomson Reuters by 772.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 157 shares of the business services provider's stock valued at $27,000 after buying an additional 139 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $29,000. Finally, Noble Wealth Management PBC purchased a new stake in Thomson Reuters during the 4th quarter valued at approximately $33,000. 17.31% of the stock is owned by hedge funds and other institutional investors.
About Thomson Reuters
(
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.
See Also
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
