Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI shares hit a new 52-week high during trading on Tuesday . The company traded as high as $196.74 and last traded at $195.88, with a volume of 346157 shares changing hands. The stock had previously closed at $195.12.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Thomson Reuters from $177.00 to $178.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays upped their price target on shares of Thomson Reuters from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on shares of Thomson Reuters from $182.00 to $185.00 and gave the company a "sector perform" rating 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $183.70.
Check Out Our Latest Stock Report on TRI
Thomson Reuters Stock Up 0.2%
The firm's fifty day moving average price is $181.56 and its two-hundred day moving average price is $172.33. The stock has a market cap of $88.61 billion, a price-to-earnings ratio of 40.25, 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 current ratio of 1.02 and a quick ratio of 0.94.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Announces Dividend
The firm 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.21%. Thomson Reuters's dividend payout ratio is presently 49.69%.
Institutional Investors Weigh In On Thomson Reuters
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of Thomson Reuters by 1.5% in the 1st quarter. Rhumbline Advisers now owns 4,456 shares of the business services provider's stock worth $770,000 after acquiring an additional 68 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in Thomson Reuters in the 1st quarter valued at about $216,000. United Services Automobile Association purchased a new stake in Thomson Reuters in the 1st quarter valued at about $965,000. Ashton Thomas Private Wealth LLC purchased a new stake in Thomson Reuters in the 1st quarter valued at about $205,000. Finally, Guardian Partners Inc. increased its stake in Thomson Reuters by 0.5% in the 1st quarter. Guardian Partners Inc. now owns 21,021 shares of the business services provider's stock valued at $3,698,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company's stock.
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.
Further Reading
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
