Brokerages Set Thomson Reuters Co. (NYSE:TRI) Price Target at $188.55

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $188.5455.

TRI has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on shares of Thomson Reuters from $212.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Canaccord Genuity Group set a $174.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group set a $186.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Scotiabank reaffirmed an “outperform” rating and issued a $189.00 price objective (down previously from $200.00) on shares of Thomson Reuters in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. cut their target price on Thomson Reuters from $178.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th.

Thomson Reuters Price Performance

TRI opened at $110.63 on Thursday. The company has a 50-day moving average of $128.81 and a 200-day moving average of $154.03. Thomson Reuters has a 1-year low of $110.00 and a 1-year high of $218.42. The company has a market capitalization of $49.23 billion, a P/E ratio of 22.62, a PEG ratio of 5.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%.The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the business posted $0.80 EPS. Thomson Reuters’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts expect that Thomson Reuters will post 3.89 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, November 18th. Thomson Reuters’s payout ratio is presently 61.18%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Curio Wealth LLC lifted its position in shares of Thomson Reuters by 16,200.0% during the 2nd quarter. Curio Wealth LLC now owns 163 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 162 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Thomson Reuters in the 2nd quarter worth $34,000. Ameritas Advisory Services LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $37,000. AlphaCore Capital LLC acquired a new stake in shares of Thomson Reuters during the second quarter worth $39,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Thomson Reuters by 50.0% during the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.