The Goldman Sachs Group Issues Positive Forecast for Thomson Reuters (NYSE:TRI) Stock Price

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective lifted by The Goldman Sachs Group from $168.00 to $188.00 in a research note released on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research firms have also recently issued reports on TRI. Royal Bank of Canada raised their price target on Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. CIBC lifted their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Scotiabank lifted their target price on shares of Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and an average price target of $182.09.

Thomson Reuters Trading Down 0.2 %

TRI opened at $176.56 on Friday. Thomson Reuters has a 1-year low of $149.14 and a 1-year high of $178.35. The firm has a 50-day moving average price of $163.98 and a two-hundred day moving average price of $165.41. The stock has a market capitalization of $79.45 billion, a PE ratio of 36.11, a PEG ratio of 5.59 and a beta of 0.73. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.78%. As a group, equities analysts anticipate that Thomson Reuters will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 1.35%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, February 20th. Thomson Reuters’s dividend payout ratio is presently 44.17%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Thomson Reuters during the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters during the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at about $33,000. Asset Dedication LLC lifted its holdings in shares of Thomson Reuters by 125.0% in the third quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Thomson Reuters during the third quarter worth about $47,000. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Company Profile

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.