Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI had its target price upped by The Goldman Sachs Group from $168.00 to $188.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.
A number of other research analysts have also recently issued reports on the company. Scotiabank boosted 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 upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th. CIBC boosted their price target on Thomson Reuters from $164.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Wells Fargo & Company boosted their price target on Thomson Reuters from $165.00 to $177.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Royal Bank of Canada boosted their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a report on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $182.09.
Read Our Latest Report on Thomson Reuters
Thomson Reuters Trading Down 0.2 %
NYSE:TRI traded down $0.31 on Friday, reaching $178.63. The company's stock had a trading volume of 452,328 shares, compared to its average volume of 362,657. Thomson Reuters has a 1-year low of $149.50 and a 1-year high of $179.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $80.38 billion, a PE ratio of 36.53, a PEG ratio of 5.59 and a beta of 0.73. The business's 50-day moving average price is $164.55 and its two-hundred day moving average price is $165.62.
Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last posted its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Equities research analysts anticipate that Thomson Reuters will post 3.96 earnings per share for the current fiscal year.
Thomson Reuters Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.54. Thomson Reuters's dividend payout ratio is presently 44.17%.
Institutional Trading of Thomson Reuters
Several institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Investment Advisors MI raised its stake in Thomson Reuters by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,318 shares of the business services provider's stock valued at $372,000 after buying an additional 62 shares during the period. NewSquare Capital LLC raised its stake in Thomson Reuters by 1.5% in the fourth quarter. NewSquare Capital LLC now owns 4,335 shares of the business services provider's stock valued at $695,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. raised its stake in Thomson Reuters by 5.7% in the fourth quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider's stock valued at $192,000 after buying an additional 64 shares during the period. SkyView Investment Advisors LLC raised its stake in Thomson Reuters by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 4,235 shares of the business services provider's stock valued at $722,000 after buying an additional 66 shares during the period. Finally, Addison Advisors LLC raised its stake in Thomson Reuters by 5.7% in the fourth quarter. Addison Advisors LLC now owns 1,271 shares of the business services provider's stock valued at $204,000 after buying an additional 68 shares during the period. Institutional investors own 17.31% of the company's stock.
Thomson Reuters Company Profile
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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.
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