Analysts Set Thomson Reuters Corp (NASDAQ:TRI) PT at $142.83

Thomson Reuters Corp (NASDAQ:TRI) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $131.5659.

TRI has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Thomson Reuters from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Royal Bank Of Canada increased their price objective on shares of Thomson Reuters from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Scotia dropped their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 6th.

Thomson Reuters Stock Up 1.4%

Shares of Thomson Reuters stock opened at $106.22 on Monday. The business has a 50-day moving average of $95.65 and a 200-day moving average of $92.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $46.27 billion, a PE ratio of 28.28, a P/E/G ratio of 1.54 and a beta of 0.75. Thomson Reuters has a 1-year low of $76.28 and a 1-year high of $180.00.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Thomson Reuters will post 4.45 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $0.655 dividend. This represents a $2.62 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Thomson Reuters’s payout ratio is currently 69.68%.

Institutional Trading of Thomson Reuters

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Thomson Reuters during the 4th quarter valued at approximately $30,000. Timmons Wealth Management LLC acquired a new position in Thomson Reuters in the fourth quarter worth $42,000. Montag A & Associates Inc. acquired a new position in Thomson Reuters in the fourth quarter worth $43,000. Continuum Advisory LLC bought a new stake in Thomson Reuters during the second quarter valued at $45,000. Finally, Western Wealth Management LLC bought a new stake in Thomson Reuters during the first quarter valued at $48,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.