Thomson Reuters (NYSE:TRI) Sets New 12-Month High at $168.64

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $168.64 and last traded at $168.23, with a volume of 46762 shares. The stock had previously closed at $166.93.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRI shares. National Bank Financial raised Thomson Reuters from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 23rd. TD Securities lifted their price target on shares of Thomson Reuters from $210.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Barclays upgraded Thomson Reuters from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $180.00 in a research report on Thursday, March 14th. Canaccord Genuity Group raised their price target on Thomson Reuters from $149.00 to $156.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada boosted their price objective on Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Thomson Reuters presently has a consensus rating of “Hold” and a consensus price target of $164.31.

Thomson Reuters Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $75.76 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 4.52 and a beta of 0.65. The business’s 50 day moving average price is $155.93 and its 200-day moving average price is $147.44.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts forecast that Thomson Reuters Co. will post 3.58 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.16 annualized dividend and a yield of 1.29%. Thomson Reuters’s dividend payout ratio is presently 41.14%.

Institutional Trading of Thomson Reuters

Large investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of Thomson Reuters in the 3rd quarter worth about $27,000. Pacifica Partners Inc. lifted its holdings in shares of Thomson Reuters by 162.0% in the fourth quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 149 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of Thomson Reuters in the third quarter valued at approximately $37,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Thomson Reuters during the 4th quarter worth approximately $37,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Thomson Reuters during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

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.