Thomson Reuters Corp (NASDAQ:TRI) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of Thomson Reuters Corp (NASDAQ:TRI – Get Free Report) have received an average rating of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $144.8434.

A number of research firms recently commented on TRI. UBS Group set a $185.74 price objective on Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Argus assumed coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They issued a “hold” rating on the stock. Scotiabank set a $138.00 price target on Thomson Reuters and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price target on Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th.

Check Out Our Latest Stock Report on Thomson Reuters

Thomson Reuters Stock Performance

Thomson Reuters stock opened at $82.32 on Wednesday. Thomson Reuters has a 12-month low of $78.60 and a 12-month high of $218.42. 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’s 50-day moving average price is $89.06 and its two-hundred day moving average price is $106.22. The stock has a market cap of $35.91 billion, a PE ratio of 23.95, a P/E/G ratio of 1.24 and a beta of 0.77.

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

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.62 annualized dividend and a yield of 3.2%. Thomson Reuters’s payout ratio is 76.16%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds and other institutional investors have recently modified their holdings of TRI. Empowered Funds LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $30,000. Timmons Wealth Management LLC bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $42,000. Montag A & Associates Inc. bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $43,000. Western Wealth Management LLC bought a new stake in shares of Thomson Reuters during the first quarter valued at approximately $48,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of Thomson Reuters during the fourth quarter valued at approximately $56,000. Institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

(Get Free Report)

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.

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