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

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $176.10.

A number of analysts have issued reports on the company. CIBC raised their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada raised their target price on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Thomson Reuters in a research report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target for the company. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Investment Advisors MI raised its holdings in shares of Thomson Reuters by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider’s stock valued at $372,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. lifted its position in shares of Thomson Reuters by 5.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock worth $192,000 after purchasing an additional 64 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Thomson Reuters by 3.0% in the second quarter. Blair William & Co. IL now owns 2,286 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 66 shares during the period. SkyView Investment Advisors LLC grew its holdings in Thomson Reuters by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 66 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Thomson Reuters by 1.2% during the 3rd quarter. Signaturefd LLC now owns 7,549 shares of the business services provider’s stock worth $1,288,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of NYSE TRI opened at $163.28 on Friday. The company has a 50-day simple moving average of $162.65 and a 200-day simple moving average of $165.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $73.48 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. Thomson Reuters has a 12 month low of $148.16 and a 12 month high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $0.82 EPS. Thomson Reuters’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters will post 3.69 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a $0.54 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. This represents a $2.16 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is currently 42.52%.

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.