Thomson Reuters Corp (NASDAQ:TRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has received an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $143.9203.

TRI has been the subject of several research reports. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Argus assumed coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating for the company. Finally, Wells Fargo & Company set a $85.00 target price on Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday.

Institutional Investors Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TLT Family Holdco ULC bought a new stake in Thomson Reuters in the 2nd quarter valued at approximately $865,442,000. SEG Family Corp. bought a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Invesco Ltd. raised its holdings in shares of Thomson Reuters by 461.1% in the third quarter. Invesco Ltd. now owns 2,253,243 shares of the company’s stock valued at $349,996,000 after purchasing an additional 1,851,677 shares during the last quarter. Norges Bank acquired a new stake in shares of Thomson Reuters in the fourth quarter valued at approximately $153,417,000. Finally, First Trust Advisors LP lifted its position in shares of Thomson Reuters by 312.5% in the third quarter. First Trust Advisors LP now owns 1,074,988 shares of the company’s stock worth $166,976,000 after purchasing an additional 814,393 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $89.21 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day simple moving average is $85.60 and its 200-day simple moving average is $99.77. Thomson Reuters has a fifty-two week low of $76.28 and a fifty-two week high of $218.42. The stock has a market capitalization of $38.91 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last announced its earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a net margin of 19.93% and a return on equity of 14.99%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. Sell-side analysts expect that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Thomson Reuters’s dividend payout ratio is currently 76.16%.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real?time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.