UBS Group Increases Thomson Reuters (NYSE:TRI) Price Target to $190.00

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective hoisted by UBS Group from $177.00 to $190.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the company. CIBC increased their price target on Thomson Reuters from $152.00 to $156.00 and gave the company a neutral rating in a research note on Friday. TD Securities raised their target price on Thomson Reuters from $210.00 to $225.00 and gave the stock a hold rating in a report on Wednesday, March 13th. National Bank Financial raised shares of Thomson Reuters from an underperform rating to a sector perform rating in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their price target on Thomson Reuters from $153.00 to $156.00 and gave the stock a sector perform rating in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on Thomson Reuters from $149.00 to $156.00 and gave the company a hold rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $164.31.

Thomson Reuters Price Performance

NYSE:TRI traded up $1.78 during mid-day trading on Friday, reaching $164.74. 619,405 shares of the company were exchanged, compared to its average volume of 362,043. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $166.11. The stock has a market cap of $74.35 billion, a PE ratio of 31.38, a PEG ratio of 4.24 and a beta of 0.65. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $155.25 and a 200 day moving average of $146.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a return on equity of 15.43% and a net margin of 34.87%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, research analysts anticipate that Thomson Reuters will post 3.58 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. Thomson Reuters’s payout ratio is 41.33%.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new stake in shares of Thomson Reuters in the third quarter valued at about $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Thomson Reuters in the third quarter valued at about $28,000. Pacifica Partners Inc. boosted its position in shares of Thomson Reuters by 162.0% in the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 149 shares during the period. Operose Advisors LLC bought a new stake in shares of Thomson Reuters in the third quarter valued at about $37,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Thomson Reuters in the fourth quarter valued at about $37,000. 17.31% of the stock is 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.