Thomson Reuters (NYSE:TRI) Sets New 52-Week High at $67.32

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) reached a new 52-week high during trading on Friday . The stock traded as high as $67.32 and last traded at $67.32, with a volume of 15506 shares traded. The stock had previously closed at $66.82.

Several research firms recently commented on TRI. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday. Royal Bank of Canada upped their price target on shares of Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company a “sector perform” rating in a research note on Thursday, May 9th. Macquarie restated a “neutral” rating on shares of EXPERIAN PLC/ADR in a research note on Tuesday, June 25th. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$78.00 to C$88.00 in a research note on Monday, April 22nd. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.45.

The firm has a market cap of $33.75 billion, a PE ratio of 89.84, a price-to-earnings-growth ratio of 7.45 and a beta of 0.53. The company has a 50 day simple moving average of $65.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Thomson Reuters had a net margin of 78.52% and a return on equity of 4.25%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, analysts anticipate that Thomson Reuters Corp will post 1.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Thursday, May 23rd were paid a $0.36 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.14%. Thomson Reuters’s payout ratio is currently 192.00%.

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Thomson Reuters in the fourth quarter worth $99,235,000. The Manufacturers Life Insurance Company increased its stake in shares of Thomson Reuters by 25.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,851,751 shares of the business services provider’s stock worth $109,624,000 after acquiring an additional 378,160 shares during the period. Beutel Goodman & Co Ltd. increased its stake in shares of Thomson Reuters by 0.8% in the first quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock worth $105,675,000 after acquiring an additional 13,570 shares during the period. Fiera Capital Corp increased its stake in shares of Thomson Reuters by 14.0% in the first quarter. Fiera Capital Corp now owns 1,674,061 shares of the business services provider’s stock worth $99,026,000 after acquiring an additional 205,296 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of Thomson Reuters by 8.4% in the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after acquiring an additional 103,158 shares during the period. Hedge funds and other institutional investors own 20.43% of the company’s stock.

About Thomson Reuters (NYSE:TRI)

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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