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

Thomson Reuters Corp (NASDAQ:TRI) has earned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $142.8306.

A number of analysts have recently commented on TRI shares. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotiabank reaffirmed a “sector outperform” rating and issued a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Canaccord Genuity Group cut their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Finally, Scotia decreased their price target on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a report on Thursday, August 6th.

Thomson Reuters Stock Performance

Shares of NASDAQ:TRI opened at $105.53 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.12. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $180.00. The stock has a market capitalization of $45.97 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.55 and a beta of 0.75. The business has a 50-day moving average price of $93.08 and a two-hundred day moving average price of $91.99.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that Thomson Reuters will post 4.45 earnings per share for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters’s payout ratio is presently 69.68%.

Hedge Funds Weigh In On Thomson Reuters

Several institutional investors have recently modified their holdings of the business. Public Sector Pension Investment Board grew its stake in Thomson Reuters by 0.8% during the second quarter. Public Sector Pension Investment Board now owns 13,098 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares in the last quarter. Natixis Advisors LLC lifted its stake in Thomson Reuters by 0.6% in the 3rd quarter. Natixis Advisors LLC now owns 16,424 shares of the company’s stock worth $2,551,000 after purchasing an additional 103 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Thomson Reuters by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,834 shares of the company’s stock worth $885,000 after purchasing an additional 130 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Thomson Reuters by 1.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 8,037 shares of the company’s stock valued at $1,060,000 after purchasing an additional 134 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Thomson Reuters by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 9,682 shares of the company’s stock valued at $871,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

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.