Thomson Reuters Corp. (NYSE:TRI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
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 research firms also recently weighed in on TRI. TD Securities reissued a “hold” rating and set a $56.00 target price on shares of Thomson Reuters Corp. in a research report on Wednesday, August 10th. Barclays PLC reissued an “equal weight” rating and set a $40.00 target price on shares of Thomson Reuters Corp. in a research report on Friday, July 15th. Credit Suisse Group AG reissued a “buy” rating on shares of Thomson Reuters Corp. in a research report on Tuesday, July 12th. Canaccord Genuity reissued a “buy” rating and set a $47.00 target price on shares of Thomson Reuters Corp. in a research report on Thursday, September 8th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $60.00 target price (up from $57.50) on shares of Thomson Reuters Corp. in a research report on Monday, August 1st. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Thomson Reuters Corp. has an average rating of “Hold” and a consensus target price of $48.00.
Shares of Thomson Reuters Corp. (NYSE:TRI) opened at 40.50 on Thursday. Thomson Reuters Corp. has a 12 month low of $33.96 and a 12 month high of $43.68. The firm has a market capitalization of $30.20 billion, a PE ratio of 24.09 and a beta of 0.82. The stock’s 50 day moving average price is $41.30 and its 200-day moving average price is $41.30.
Thomson Reuters Corp. (NYSE:TRI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.83 billion. Thomson Reuters Corp. had a return on equity of 12.81% and a net margin of 11.09%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that Thomson Reuters Corp. will post $2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, August 16th. Thomson Reuters Corp.’s dividend payout ratio (DPR) is currently 80.95%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted 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 during the period. 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 during the period. Daiwa SB Investments Ltd. bought a new position in Thomson Reuters Corp. during the second quarter valued at $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 during the period. Institutional investors own 28.76% of the company’s stock.
Thomson Reuters Corp. Company Profile
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