Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price target decreased by Royal Bank of Canada from $48.00 to $47.00 in a report released on Friday. Royal Bank of Canada currently has a sector perform rating on the business services provider’s stock.
A number of other research firms also recently issued reports on TRI. Zacks Investment Research downgraded shares of Thomson Reuters from a buy rating to a hold rating in a research report on Friday, February 2nd. Scotiabank reduced their price target on shares of Thomson Reuters from $55.00 to $54.00 and set an outperform rating on the stock in a research report on Wednesday, November 22nd. Morgan Stanley reduced their price target on shares of Thomson Reuters from $49.00 to $47.00 and set an equal weight rating on the stock in a research report on Friday. Goldman Sachs Group started coverage on shares of Thomson Reuters in a research report on Wednesday, November 8th. They issued a sell rating and a $40.00 price target on the stock. Finally, Credit Suisse Group restated a hold rating and issued a $51.00 price target on shares of Thomson Reuters in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $50.23.
Thomson Reuters (NYSE:TRI) opened at $40.00 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.62 and a quick ratio of 0.63. Thomson Reuters has a 52-week low of $39.01 and a 52-week high of $48.61. The stock has a market cap of $28,570.00, a PE ratio of 20.62, a PEG ratio of 2.69 and a beta of 0.65.
Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Thomson Reuters had a net margin of 12.31% and a return on equity of 13.61%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts anticipate that Thomson Reuters will post 1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.38 annualized dividend and a yield of 3.45%. Thomson Reuters’s dividend payout ratio is presently 71.13%.
A number of large investors have recently modified their holdings of the stock. Mawer Investment Management Ltd. lifted its position in Thomson Reuters by 2.0% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,723,758 shares of the business services provider’s stock valued at $118,840,000 after purchasing an additional 54,529 shares during the last quarter. Suntrust Banks Inc. lifted its position in Thomson Reuters by 83.6% in the 4th quarter. Suntrust Banks Inc. now owns 12,559 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 5,720 shares during the last quarter. Timber Hill LLC bought a new stake in Thomson Reuters in the 4th quarter valued at about $331,000. Bank of New York Mellon Corp lifted its position in Thomson Reuters by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 509,413 shares of the business services provider’s stock valued at $22,205,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Thomson Reuters by 59.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,200 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 3,813 shares during the last quarter. Hedge funds and other institutional investors own 24.40% of the company’s stock.
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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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