Thomson Reuters Corp (NASDAQ:TRI) Receives $143.92 Average Target Price from Brokerages

Thomson Reuters Corp (NASDAQ:TRI) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $143.9203.

Several research analysts recently commented on the stock. Argus assumed coverage on shares of Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Bank of America lowered their price objective on shares of Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Finally, Barclays reiterated an “overweight” rating and set a $130.00 target price (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th.

Hedge Funds Weigh In On Thomson Reuters

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in Thomson Reuters during the 4th quarter valued at $448,000. AQR Capital Management LLC lifted its position in shares of Thomson Reuters by 30.3% in the 1st quarter. AQR Capital Management LLC now owns 17,152 shares of the company’s stock worth $2,964,000 after purchasing an additional 3,988 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Thomson Reuters during the 1st quarter valued at about $205,000. Prudential Financial Inc. purchased a new position in shares of Thomson Reuters during the second quarter valued at about $234,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Thomson Reuters during the second quarter valued at about $646,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 0.9%

TRI stock traded up $0.84 during trading on Friday, hitting $89.65. 1,532,256 shares of the company traded hands, compared to its average volume of 1,852,788. The company has a 50-day moving average of $85.34 and a 200-day moving average of $98.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. Thomson Reuters has a 1 year low of $76.28 and a 1 year high of $218.42. The firm has a market capitalization of $39.04 billion, a PE ratio of 26.08, a P/E/G ratio of 1.34 and a beta of 0.77.

Thomson Reuters (NASDAQ:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Analysts predict that Thomson Reuters will post 4.44 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a $0.655 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 2.9%. Thomson Reuters’s dividend payout ratio (DPR) is 76.16%.

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.