Thomson Reuters Co. (NYSE:TRI) Given Average Recommendation of “Hold” by Brokerages

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $173.45.

A number of equities research analysts have issued reports on TRI shares. National Bank Financial upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 9th. Scotiabank upgraded shares of Thomson Reuters from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $164.00 to $182.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. increased their price target on shares of Thomson Reuters from $163.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Thomson Reuters from $170.00 to $168.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TRI. Norges Bank bought a new position in Thomson Reuters in the 4th quarter worth $160,372,000. TD Asset Management Inc increased its holdings in shares of Thomson Reuters by 30.8% during the 4th quarter. TD Asset Management Inc now owns 3,752,472 shares of the business services provider’s stock worth $551,317,000 after purchasing an additional 884,572 shares during the period. FIL Ltd increased its holdings in shares of Thomson Reuters by 9.8% during the 4th quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after purchasing an additional 445,444 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Thomson Reuters by 53.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 969,443 shares of the business services provider’s stock worth $141,752,000 after purchasing an additional 338,896 shares during the period. Finally, Cibc World Market Inc. increased its holdings in shares of Thomson Reuters by 26.3% during the 2nd quarter. Cibc World Market Inc. now owns 1,325,695 shares of the business services provider’s stock worth $223,525,000 after purchasing an additional 276,206 shares during the period. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Stock Down 0.5 %

TRI stock opened at $169.46 on Monday. Thomson Reuters has a 12-month low of $117.46 and a 12-month high of $176.03. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a market cap of $76.19 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 5.82 and a beta of 0.73. The company has a 50 day moving average of $165.46 and a two-hundred day moving average of $163.64.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, August 1st. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Thomson Reuters will post 3.71 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.146 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.58 annualized dividend and a yield of 0.34%. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.14%.

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.