Thomson Reuters’ (TRI) “Hold” Rating Reaffirmed at BMO Capital Markets

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BMO Capital Markets reissued their hold rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research note released on Friday morning, AnalystRatings.com reports. They currently have a $95.00 target price on the business services provider’s stock.

A number of other research firms also recently weighed in on TRI. Zacks Investment Research downgraded Thomson Reuters from a buy rating to a hold rating in a report on Tuesday, July 30th. Bank of America lifted their price objective on Thomson Reuters from $70.00 to $73.00 and gave the company a neutral rating in a report on Friday. Credit Suisse Group raised Thomson Reuters from a neutral rating to an outperform rating and lifted their price objective for the company from $70.00 to $80.00 in a report on Monday, July 29th. ValuEngine downgraded Thomson Reuters from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Finally, Morgan Stanley lifted their price objective on Thomson Reuters from $66.00 to $67.00 and gave the company an overweight rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $68.59.

Shares of TRI opened at $64.89 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $66.71. The company has a market capitalization of $33.46 billion, a price-to-earnings ratio of 86.52, a price-to-earnings-growth ratio of 7.26 and a beta of 0.54. Thomson Reuters has a 12-month low of $44.78 and a 12-month high of $70.93.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. Thomson Reuters had a return on equity of 5.01% and a net margin of 69.36%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. On average, equities research analysts expect that Thomson Reuters will post 1.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, August 21st. Thomson Reuters’s payout ratio is currently 192.00%.

Several institutional investors and hedge funds have recently made changes to their positions in TRI. MML Investors Services LLC boosted its holdings in shares of Thomson Reuters by 24.1% in the 4th quarter. MML Investors Services LLC now owns 7,790 shares of the business services provider’s stock worth $376,000 after acquiring an additional 1,511 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $617,000. Norges Bank acquired a new position in shares of Thomson Reuters in the 4th quarter worth approximately $99,235,000. First Hawaiian Bank acquired a new position in shares of Thomson Reuters in the 1st quarter worth approximately $308,000. Finally, Moody National Bank Trust Division acquired a new position in shares of Thomson Reuters in the 1st quarter worth approximately $689,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

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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