Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI's share price hit a new 52-week high on Tuesday . The company traded as high as $180.91 and last traded at $180.53, with a volume of 757655 shares. The stock had previously closed at $176.36.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. CIBC boosted their price objective on Thomson Reuters from $165.00 to $174.00 in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Scotiabank increased their price objective on shares of Thomson Reuters from $187.00 to $188.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group raised their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $177.80.
View Our Latest Research Report on Thomson Reuters
Thomson Reuters Stock Performance
The stock has a market cap of $81.90 billion, a P/E ratio of 37.21, a PEG ratio of 5.67 and a beta of 0.70. 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 fifty day moving average of $173.62 and a 200 day moving average of $168.13.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, equities analysts predict that Thomson Reuters Co. will post 3.89 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, February 20th. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio is 48.67%.
Hedge Funds Weigh In On Thomson Reuters
A number of hedge funds have recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new stake in Thomson Reuters during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $27,000. Investment Management Corp VA ADV purchased a new position in Thomson Reuters during the 4th quarter worth approximately $29,000. Finally, Noble Wealth Management PBC purchased a new position in Thomson Reuters during the 4th quarter worth approximately $33,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.
Thomson Reuters Company Profile
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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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