Thomson Reuters Co. (NYSE:TRI) Receives $170.64 Consensus Target Price from Brokerages

Shares of Thomson Reuters Co. (NYSE:TRIGet Free Report) (TSE:TRI) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $170.64.

Several equities research analysts recently issued reports on TRI shares. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada lifted their price target on shares of Thomson Reuters from $153.00 to $156.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. UBS Group lifted their price target on shares of Thomson Reuters from $177.00 to $190.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Canaccord Genuity Group lifted their price target on shares of Thomson Reuters from $149.00 to $156.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, CIBC lifted their price target on shares of Thomson Reuters from $152.00 to $156.00 and gave the company a “neutral” rating in a report on Friday, May 3rd.

View Our Latest Stock Analysis on Thomson Reuters

Thomson Reuters Price Performance

TRI stock opened at $167.11 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 12 month low of $117.46 and a 12 month high of $176.03. The firm has a market cap of $75.14 billion, a P/E ratio of 31.83, a P/E/G ratio of 6.41 and a beta of 0.72. The company’s 50-day moving average price is $168.78 and its two-hundred day moving average price is $158.29.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last released its earnings results on Thursday, May 2nd. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.47%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, analysts anticipate that Thomson Reuters will post 3.67 earnings per share for the current fiscal year.

Thomson Reuters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.16 annualized dividend and a yield of 1.29%. Thomson Reuters’s dividend payout ratio is presently 40.57%.

Institutional Investors Weigh In On Thomson Reuters

Several hedge funds have recently added to or reduced their stakes in TRI. Assenagon Asset Management S.A. lifted its position in shares of Thomson Reuters by 1.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,990 shares of the business services provider’s stock worth $622,000 after purchasing an additional 70 shares during the period. Fifth Third Bancorp lifted its position in shares of Thomson Reuters by 25.7% in the 4th quarter. Fifth Third Bancorp now owns 382 shares of the business services provider’s stock worth $56,000 after purchasing an additional 78 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 worth $28,000 after purchasing an additional 80 shares during the period. Legacy Wealth Asset Management LLC lifted its position in shares of Thomson Reuters by 0.7% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 12,685 shares of the business services provider’s stock worth $1,855,000 after purchasing an additional 82 shares during the period. Finally, Gulf International Bank UK Ltd lifted its position in shares of Thomson Reuters by 5.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,541 shares of the business services provider’s stock worth $239,000 after purchasing an additional 85 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

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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.

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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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