Thomson Reuters Co. (NYSE:TRI) Receives $176.10 Average PT from Brokerages

Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI has been given an average rating of "Hold" by the eleven brokerages that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $176.10.

A number of research firms have commented on TRI. Scotiabank boosted their price target on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Thomson Reuters in a research report on Tuesday, November 26th. They issued an "equal weight" rating and a $165.00 target price for the company. Royal Bank of Canada lifted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th. CIBC raised their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Finally, StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters during the fourth quarter valued at approximately $26,000. Asset Dedication LLC grew its holdings in shares of Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock valued at $40,000 after acquiring an additional 130 shares in the last quarter. Clean Yield Group acquired a new position in shares of Thomson Reuters in the third quarter worth $42,000. Ashton Thomas Securities LLC purchased a new stake in shares of Thomson Reuters during the third quarter worth $47,000. Finally, Exchange Traded Concepts LLC boosted its position in Thomson Reuters by 104.4% during the third quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock valued at $56,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Performance

TRI stock traded up $1.22 on Friday, reaching $159.37. The company's stock had a trading volume of 206,689 shares, compared to its average volume of 177,189. Thomson Reuters has a 52 week low of $148.08 and a 52 week high of $176.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $71.71 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.72. The firm has a fifty day moving average of $163.04 and a two-hundred day moving average of $165.35.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Thomson Reuters had a return on equity of 14.85% and a net margin of 32.12%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts predict that Thomson Reuters will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.15. Thomson Reuters's dividend payout ratio is presently 42.52%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.