Thomson Reuters (NYSE:TRI) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) from a sell rating to a hold rating in a research note published on Saturday.

A number of other research analysts have also recently issued reports on the company. Exane BNP Paribas cut Thomson Reuters from a neutral rating to an underperform rating in a research note on Thursday, December 1st. BNP Paribas cut Thomson Reuters from a neutral rating to an underperform rating in a research note on Thursday, December 1st. Barclays boosted their target price on Thomson Reuters from $115.00 to $125.00 and gave the company an equal weight rating in a research note on Friday, December 2nd. Canaccord Genuity Group boosted their target price on Thomson Reuters from $118.00 to $124.00 and gave the company a buy rating in a research note on Friday, February 10th. Finally, BMO Capital Markets upped their price objective on Thomson Reuters from $161.00 to $182.00 and gave the stock an outperform rating in a research report on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $138.00.

Thomson Reuters Trading Up 0.4 %

NYSE TRI traded up $0.49 on Friday, reaching $124.33. The company had a trading volume of 643,284 shares, compared to its average volume of 401,192. The stock’s 50 day moving average is $120.09 and its 200-day moving average is $113.34. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 3.14 and a beta of 0.58. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 52 week low of $91.55 and a 52 week high of $125.32.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last released its quarterly earnings data on Thursday, February 9th. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.76 billion. Thomson Reuters had a return on equity of 9.58% and a net margin of 21.16%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities analysts predict that Thomson Reuters will post 3.31 earnings per share for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Thursday, February 23rd were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, February 22nd. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.32. This represents a $1.96 annualized dividend and a yield of 1.58%. Thomson Reuters’s dividend payout ratio is 68.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRI. Bishop Rock Capital L.P. boosted its position in Thomson Reuters by 9,749.8% during the second quarter. Bishop Rock Capital L.P. now owns 2,634,429 shares of the business services provider’s stock valued at $25,280,000 after purchasing an additional 2,607,683 shares during the last quarter. Bank of Montreal Can raised its stake in Thomson Reuters by 45.0% in the third quarter. Bank of Montreal Can now owns 7,593,951 shares of the business services provider’s stock valued at $785,341,000 after buying an additional 2,357,199 shares during the period. Norges Bank bought a new stake in Thomson Reuters in the fourth quarter valued at approximately $207,419,000. WCM Investment Management LLC bought a new stake in Thomson Reuters in the fourth quarter valued at approximately $202,744,000. Finally, National Bank of Canada FI raised its stake in Thomson Reuters by 161.7% in the fourth quarter. National Bank of Canada FI now owns 1,541,523 shares of the business services provider’s stock valued at $175,738,000 after buying an additional 952,541 shares during the period. 20.84% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

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Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government.