Thomson Reuters (NYSE:TRI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Thomson Reuters (NYSE:TRI - Free Report) TSE: TRI had its target price upped by Wells Fargo & Company from $165.00 to $177.00 in a report issued on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the business services provider's stock.

Several other equities analysts have also recently commented on the stock. StockNews.com upgraded shares of Thomson Reuters from a "sell" rating to a "hold" rating in a research report on Wednesday, January 8th. Scotiabank raised their target price on Thomson Reuters from $182.00 to $187.00 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Thomson Reuters from $171.00 to $173.00 and gave the stock a "sector perform" rating in a research note on Wednesday, November 6th. Finally, CIBC raised their target price 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. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $182.09.

Thomson Reuters Stock Down 0.1 %

TRI stock traded down $0.21 during midday trading on Friday, hitting $178.73. The company's stock had a trading volume of 214,441 shares, compared to its average volume of 353,609. The company's fifty day moving average price is $164.55 and its 200 day moving average price is $165.62. The stock has a market capitalization of $80.43 billion, a P/E ratio of 36.54, a PEG ratio of 5.59 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters has a twelve month low of $149.50 and a twelve month high of $179.45.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. As a group, equities research analysts predict that Thomson Reuters will post 3.96 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.33%. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. Thomson Reuters's payout ratio is currently 44.17%.

Hedge Funds Weigh In On Thomson Reuters

Several large investors have recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in Thomson Reuters in the fourth quarter worth $26,000. Curio Wealth LLC purchased a new position in Thomson Reuters during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Thomson Reuters in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters during the 4th quarter valued at about $33,000. Finally, Asset Dedication LLC grew its position in Thomson Reuters by 125.0% in 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 period. 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.