Thomson Reuters Co. (NYSE:TRI) Receives $175.20 Consensus Price Target from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $175.20.

A number of research analysts recently commented on TRI shares. Scotiabank upped their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. Wells Fargo & Company started coverage on shares of Thomson Reuters in a research report on Tuesday. They issued an "equal weight" rating and a $165.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Thomson Reuters from $163.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, National Bank Financial raised Thomson Reuters from a "sector perform" rating to an "outperform" rating in a report on Monday, September 9th.

Hedge Funds Weigh In On Thomson Reuters

A number of large investors have recently modified their holdings of TRI. Rothschild Investment LLC bought a new stake in shares of Thomson Reuters during the second quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in Thomson Reuters by 76.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider's stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Asset Dedication LLC raised its holdings in Thomson Reuters by 125.0% during the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after purchasing an additional 130 shares during the last quarter. Clean Yield Group acquired a new position in Thomson Reuters during the 3rd quarter valued at about $42,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Thomson Reuters in the 3rd quarter valued at about $47,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

Thomson Reuters Stock Performance

Thomson Reuters stock traded up $0.89 during mid-day trading on Friday, reaching $162.59. The company had a trading volume of 143,503 shares, compared to its average volume of 352,669. The company has a 50 day moving average of $166.55 and a 200-day moving average of $167.04. Thomson Reuters has a 52 week low of $138.80 and a 52 week high of $176.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $73.15 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 5.47 and a beta of 0.73.

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

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters's payout ratio is currently 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.