StockNews.com Upgrades Thomson Reuters (NYSE:TRI) to “Hold”

StockNews.com upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a sell rating to a hold rating in a research report released on Thursday morning.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Thomson Reuters from $163.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Scotiabank increased their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 9th. Finally, Royal Bank of Canada upped their target price on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $176.33.

Thomson Reuters Trading Down 1.8 %

Thomson Reuters stock opened at $161.71 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $72.75 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 5.47 and a beta of 0.73. The stock has a 50-day moving average of $168.44 and a two-hundred day moving average of $167.41. Thomson Reuters has a one year low of $133.26 and a one year high of $176.03.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Thomson Reuters’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. On average, research analysts anticipate that Thomson Reuters will post 3.69 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s dividend payout ratio is currently 42.52%.

Hedge Funds Weigh In On Thomson Reuters

Large investors have recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Thomson Reuters in the second quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Thomson Reuters by 76.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 184 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. Asset Dedication LLC raised its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock worth $40,000 after purchasing an additional 130 shares during the period. Clean Yield Group purchased a new position in Thomson Reuters during the third quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new position in Thomson Reuters during the third quarter worth approximately $47,000. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.