Thomson Reuters Corp (NASDAQ:TRI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $146.2836.

Several research firms have recently issued reports on TRI. Morgan Stanley set a $117.74 target price on Thomson Reuters in a report on Friday, February 6th. UBS Group set a $185.74 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Thursday, April 23rd. Canaccord Genuity Group lowered their price target on shares of Thomson Reuters from $176.61 to $131.95 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Barclays reaffirmed an “overweight” rating and issued a $130.00 price target (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, Wells Fargo & Company increased their price objective on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th.

Institutional Trading of Thomson Reuters

A number of large investors have recently bought and sold shares of TRI. Empowered Funds LLC purchased a new stake in Thomson Reuters in the fourth quarter worth $30,000. Cullen Frost Bankers Inc. increased its position in Thomson Reuters by 50.0% in the third quarter. Cullen Frost Bankers Inc. now owns 249 shares of the company’s stock worth $39,000 after buying an additional 83 shares during the last quarter. Timmons Wealth Management LLC purchased a new stake in Thomson Reuters in the fourth quarter worth $42,000. Montag A & Associates Inc. purchased a new stake in Thomson Reuters in the fourth quarter worth $43,000. Finally, Westside Investment Management Inc. increased its position in Thomson Reuters by 100.0% in the third quarter. Westside Investment Management Inc. now owns 338 shares of the company’s stock worth $52,000 after buying an additional 169 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Stock Performance

TRI stock opened at $82.73 on Friday. The firm has a market cap of $36.09 billion, a PE ratio of 24.07, a P/E/G ratio of 1.18 and a beta of 0.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $93.46 and a 200-day moving average of $113.79. Thomson Reuters has a 12-month low of $78.60 and a 12-month high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.Thomson Reuters’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, sell-side analysts expect that Thomson Reuters will post 4.44 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $0.655 dividend. This represents a $2.62 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 77.33%.

About Thomson Reuters

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.