According to Zacks, “Thomson Corporation is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. “
A number of other brokerages also recently weighed in on TRI. Canaccord Genuity reiterated a buy rating and set a $47.00 price target on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Barclays PLC increased their price target on Thomson Reuters Corp. from $40.00 to $42.00 and gave the stock an equal weight rating in a report on Tuesday, August 23rd. Macquarie started coverage on Thomson Reuters Corp. in a report on Thursday, August 25th. They set a neutral rating for the company. TD Securities reiterated a hold rating and set a $56.00 price target on shares of Thomson Reuters Corp. in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG reiterated a buy rating on shares of Thomson Reuters Corp. in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $48.00.
Shares of Thomson Reuters Corp. (NYSE:TRI) opened at 41.43 on Thursday. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 24.65 and a beta of 0.82. Thomson Reuters Corp. has a 1-year low of $33.96 and a 1-year high of $43.68. The firm has a 50-day moving average price of $41.38 and a 200 day moving average price of $41.28.
Thomson Reuters Corp. (NYSE:TRI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. The firm earned $2.77 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $0.52 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Thomson Reuters Corp. will post $2.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 18th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, August 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.28%. Thomson Reuters Corp.’s dividend payout ratio (DPR) is currently 80.95%.
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares during the period. BlackRock Advisors LLC boosted its position in Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock valued at $137,000 after buying an additional 2,970 shares in the last quarter. Creative Planning boosted its position in Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock valued at $181,000 after buying an additional 1,085 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new position in Thomson Reuters Corp. during the second quarter valued at approximately $182,000. Finally, Archford Capital Strategies LLC boosted its position in Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock valued at $217,000 after buying an additional 5,161 shares in the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.
Thomson Reuters Corp. Company Profile
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