Thomson Reuters (NYSE:TRI) Coverage Initiated at Bank of America

Bank of America started coverage on shares of Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI in a research report report published on Thursday. The firm issued a neutral rating and a $180.00 price objective on the business services provider's stock.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group boosted their price objective on Thomson Reuters from $168.00 to $188.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Finally, Scotiabank increased their target price on shares of Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $177.80.

Remove Ads

Thomson Reuters Trading Up 1.6 %

TRI stock traded up $2.75 during mid-day trading on Thursday, reaching $179.11. The company's stock had a trading volume of 505,193 shares, compared to its average volume of 480,141. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. Thomson Reuters has a 12 month low of $149.50 and a 12 month high of $180.42. The business's 50 day moving average price is $173.32 and its 200 day moving average price is $167.80. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities research analysts predict that Thomson Reuters will post 3.89 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.33%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio is currently 48.67%.

Institutional Trading of Thomson Reuters

A number of institutional investors have recently added to or reduced their stakes in the stock. Decker Retirement Planning Inc. bought a new stake in shares of Thomson Reuters during the fourth quarter valued at about $26,000. Curio Wealth LLC bought a new stake in shares of Thomson Reuters during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters during the fourth quarter worth about $27,000. Investment Management Corp VA ADV bought a new position in shares of Thomson Reuters in the fourth quarter worth approximately $29,000. Finally, Noble Wealth Management PBC purchased a new stake in Thomson Reuters in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 17.31% of the company's stock.

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.