Canaccord Genuity set a $44.00 target price on Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research report released on Friday. The brokerage currently has a hold rating on the business services provider’s stock.
Other research analysts have also issued research reports about the company. Scotiabank reaffirmed a buy rating and set a $52.00 price objective (down previously from $54.00) on shares of Thomson Reuters in a report on Wednesday, January 31st. ValuEngine raised Thomson Reuters from a hold rating to a buy rating in a report on Thursday, February 8th. Morgan Stanley upped their target price on Thomson Reuters from $51.00 to $52.00 and gave the company an equal weight rating in a report on Monday, October 23rd. Royal Bank of Canada lowered their target price on Thomson Reuters from $48.00 to $47.00 and set a sector perform rating on the stock in a report on Thursday, November 2nd. Finally, National Bank Financial lowered Thomson Reuters from an outperform rating to a sector perform rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Thomson Reuters has a consensus rating of Hold and an average target price of $50.23.
Thomson Reuters (NYSE TRI) opened at $40.00 on Friday. Thomson Reuters has a twelve month low of $39.01 and a twelve month high of $48.61. The firm has a market capitalization of $28,570.00, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.69 and a beta of 0.65. The company has a current ratio of 0.62, a quick ratio of 0.63 and a debt-to-equity ratio of 0.40.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a return on equity of 13.61% and a net margin of 12.31%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. Thomson Reuters’s quarterly revenue was up 2.9% on a year-over-year basis. analysts expect that Thomson Reuters will post 1.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.45%. The ex-dividend date is Wednesday, February 21st. Thomson Reuters’s dividend payout ratio (DPR) is 71.13%.
A number of institutional investors have recently bought and sold shares of TRI. Palo Capital Inc. boosted its stake in shares of Thomson Reuters by 7.5% during the fourth quarter. Palo Capital Inc. now owns 17,343 shares of the business services provider’s stock valued at $756,000 after acquiring an additional 1,209 shares during the last quarter. Bank of Stockton boosted its stake in shares of Thomson Reuters by 15.5% during the third quarter. Bank of Stockton now owns 9,370 shares of the business services provider’s stock valued at $429,000 after acquiring an additional 1,260 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Thomson Reuters by 1.4% during the third quarter. Commonwealth Bank of Australia now owns 91,325 shares of the business services provider’s stock valued at $4,187,000 after acquiring an additional 1,288 shares during the last quarter. Wunderlich Capital Managemnt boosted its stake in shares of Thomson Reuters by 4.6% during the third quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock valued at $1,520,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of Thomson Reuters by 85.9% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,005 shares of the business services provider’s stock valued at $175,000 after acquiring an additional 1,851 shares during the last quarter. 24.40% of the stock is currently owned by institutional investors.
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Thomson Reuters Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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