Thomson Reuters Co. (NYSE:TRI) Receives $177.56 Average Target Price from Analysts

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $177.56.

Several brokerages have issued reports on TRI. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Thomson Reuters from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Thomson Reuters from $168.00 to $188.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, Scotiabank upped their price target on Thomson Reuters from $187.00 to $188.00 and gave the company a “sector outperform” rating in a research report on Friday, February 7th.

Thomson Reuters Trading Down 5.6 %

Shares of NYSE:TRI opened at $165.98 on Friday. The business’s 50 day moving average price is $173.30 and its 200-day moving average price is $167.97. Thomson Reuters has a 1 year low of $149.50 and a 1 year high of $180.42. The firm has a market capitalization of $74.71 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. On average, equities research analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.43%. Thomson Reuters’s payout ratio is presently 48.67%.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds and other institutional investors have recently bought and sold shares of TRI. Mackenzie Financial Corp lifted its position in shares of Thomson Reuters by 139.5% during the fourth quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock worth $1,370,564,000 after purchasing an additional 4,977,006 shares in the last quarter. Norges Bank acquired a new stake in Thomson Reuters during the 4th quarter worth approximately $148,221,000. Geode Capital Management LLC boosted its position in Thomson Reuters by 74.3% in the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after buying an additional 560,450 shares during the period. National Bank of Canada FI grew its stake in shares of Thomson Reuters by 115.7% in the third quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock worth $164,292,000 after acquiring an additional 516,715 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Thomson Reuters by 12.2% in the fourth quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after acquiring an additional 516,605 shares in the last quarter. 17.31% of the stock is currently owned by hedge funds and other institutional investors.

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.