Thomson Reuters Co. (NYSE:TRI) Receives Average Rating of "Hold" from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have earned a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $175.20.

Several research firms recently commented on TRI. National Bank Financial upgraded Thomson Reuters from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 9th. Scotiabank upped their price target on shares of 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 note on Tuesday, December 10th. Wells Fargo & Company began coverage on Thomson Reuters in a research report on Tuesday, November 26th. They set an "equal weight" rating and a $165.00 target price on the stock. Finally, Royal Bank of Canada boosted their price objective on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 6th.

Hedge Funds Weigh In On Thomson Reuters

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of Thomson Reuters during the second quarter valued at about $25,000. Asset Dedication LLC boosted 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 valued at $40,000 after acquiring an additional 130 shares during the period. Clean Yield Group purchased a new stake in Thomson Reuters during the 3rd quarter valued at about $42,000. Ashton Thomas Securities LLC bought a new position in Thomson Reuters during the 3rd quarter worth approximately $47,000. Finally, Exchange Traded Concepts LLC increased its stake in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider's stock worth $56,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 17.31% of the company's stock.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock remained flat at $163.15 during trading hours on Wednesday. The stock had a trading volume of 104,250 shares, compared to its average volume of 345,973. The stock has a market capitalization of $73.40 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 5.69 and a beta of 0.71. Thomson Reuters has a 1 year low of $142.73 and a 1 year 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 stock's 50-day moving average is $165.68 and its two-hundred day moving average is $166.39.

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

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.54 dividend. This is a boost from Thomson Reuters's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, November 21st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.32%. Thomson Reuters's dividend payout ratio is 42.52%.

About Thomson Reuters

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.