Thomson Reuters Co. (NYSE:TRI) Given Average Rating of “Hold” by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $157.42.

Several research firms recently commented on TRI. TD Securities raised their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Scotiabank raised their price target on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. National Bank Financial raised shares of Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $153.00 price target on shares of Thomson Reuters in a research note on Wednesday, March 13th. Finally, Barclays raised shares of Thomson Reuters from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $180.00 in a research note on Thursday, March 14th.

Thomson Reuters Trading Down 0.0 %

Shares of TRI opened at $152.57 on Friday. Thomson Reuters has a twelve month low of $117.46 and a twelve month high of $161.57. The company has a market cap of $68.87 billion, a P/E ratio of 26.13, a P/E/G ratio of 3.97 and a beta of 0.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $155.64 and its 200-day simple moving average is $145.15.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts expect that Thomson Reuters will post 3.58 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Institutional Trading of Thomson Reuters

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Thomson Reuters in the 4th quarter valued at about $11,438,000. Checchi Capital Advisers LLC boosted its holdings in shares of Thomson Reuters by 3.4% in the 3rd quarter. Checchi Capital Advisers LLC now owns 6,052 shares of the business services provider’s stock valued at $741,000 after buying an additional 201 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Thomson Reuters in the 4th quarter valued at about $2,954,000. Sapient Capital LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at approximately $13,461,000. Finally, Larson Financial Group LLC raised its position in shares of Thomson Reuters by 0.9% in the 4th quarter. Larson Financial Group LLC now owns 16,298 shares of the business services provider’s stock valued at $2,383,000 after purchasing an additional 146 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.