Thomson Reuters Corp. (TRI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) have been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the stock. Thirteen investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.38.
Several analysts recently issued reports on TRI shares. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price target on shares of Thomson Reuters Corp. in a report on Thursday, September 8th. Barclays PLC increased their price target on Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, August 23rd. Zacks Investment Research upgraded Thomson Reuters Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. TD Securities reiterated a “hold” rating and issued a $56.00 price target (up from $53.00) on shares of Thomson Reuters Corp. in a report on Sunday, July 31st. Finally, Macquarie started coverage on Thomson Reuters Corp. in a report on Thursday, August 25th. They issued a “neutral” rating for the company.
Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.57% during trading on Friday, reaching $42.13. The company had a trading volume of 273,979 shares. The firm’s 50 day moving average price is $40.61 and its 200 day moving average price is $41.29. The firm has a market capitalization of $30.95 billion, a P/E ratio of 24.93 and a beta of 0.82. Thomson Reuters Corp. has a 12 month low of $33.96 and a 12 month high of $43.68.
Thomson Reuters Corp. (NYSE:TRI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. The firm earned $2.74 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts predict that Thomson Reuters Corp. will post $2.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, November 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.25%. Thomson Reuters Corp.’s dividend payout ratio (DPR) is presently 80.95%.
Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares during the period. BlackRock Advisors LLC boosted its stake in Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock worth $137,000 after buying an additional 2,970 shares during the period. Creative Planning boosted its stake in Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock worth $181,000 after buying an additional 1,085 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in Thomson Reuters Corp. during the second quarter worth $182,000. Finally, Archford Capital Strategies LLC boosted its stake in Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock worth $217,000 after buying an additional 5,161 shares during the period. 28.26% of the stock is currently owned by institutional investors.
About Thomson Reuters Corp.
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