Thomson Reuters Corp (NYSE:TRI) Given Consensus Recommendation of “Hold” by Brokerages

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Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) has been given an average rating of “Hold” by the sixteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $69.68.

Several research firms recently commented on TRI. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. BMO Capital Markets reiterated a “hold” rating and set a $95.00 price objective on shares of Thomson Reuters in a research note on Friday. Zacks Investment Research lowered shares of Thomson Reuters from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Macquarie lowered shares of Thomson Reuters from an “outperform” rating to a “neutral” rating and set a $65.47 price objective for the company. in a research note on Tuesday, June 25th. Finally, Credit Suisse Group upgraded shares of Thomson Reuters from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $80.00 in a research note on Monday, July 29th.

NYSE:TRI opened at $66.80 on Tuesday. Thomson Reuters has a one year low of $44.78 and a one year high of $70.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market cap of $34.17 billion, a price-to-earnings ratio of 89.07, a P/E/G ratio of 7.42 and a beta of 0.54. The firm has a 50-day simple moving average of $66.63.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.21 by $0.08. Thomson Reuters had a net margin of 69.36% and a return on equity of 5.01%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that Thomson Reuters will post 1.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.10 annualized dividend and a dividend yield of 1.65%. Thomson Reuters’s dividend payout ratio (DPR) is presently 192.00%.

A number of large investors have recently added to or reduced their stakes in TRI. Norges Bank purchased a new stake in Thomson Reuters during the 4th quarter worth approximately $99,235,000. Janus Henderson Group PLC grew its position in Thomson Reuters by 1,006.9% during the 1st quarter. Janus Henderson Group PLC now owns 678,021 shares of the business services provider’s stock worth $40,131,000 after purchasing an additional 616,767 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Thomson Reuters by 25.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,851,751 shares of the business services provider’s stock worth $109,624,000 after purchasing an additional 378,160 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in Thomson Reuters during the 1st quarter worth approximately $35,862,000. Finally, Fiera Capital Corp grew its position in Thomson Reuters by 14.0% during the 1st quarter. Fiera Capital Corp now owns 1,674,061 shares of the business services provider’s stock worth $99,026,000 after purchasing an additional 205,296 shares during the last quarter. 20.39% of the stock is currently owned by institutional investors.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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