Thomson Reuters Co. (NYSE:TRI) Given Average Rating of “Hold” by Brokerages

Thomson Reuters Co. (NYSE:TRI – Get Rating) (TSE:TRI) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $131.11.

TRI has been the subject of several recent analyst reports. Scotiabank restated a “sector perform” rating and set a $126.00 price objective on shares of Thomson Reuters in a research report on Monday, December 19th. StockNews.com started coverage on Thomson Reuters in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays increased their price target on Thomson Reuters from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. TD Securities lifted their target price on Thomson Reuters from C$165.00 to C$170.00 in a report on Wednesday, December 14th. Finally, Royal Bank of Canada lowered their target price on Thomson Reuters from $118.00 to $116.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd.

Institutional Investors Weigh In On Thomson Reuters

Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its holdings in Thomson Reuters by 9.7% during the 2nd quarter. Mackenzie Financial Corp now owns 7,796,702 shares of the business services provider’s stock valued at $812,803,000 after acquiring an additional 691,135 shares during the period. Bank of Montreal Can lifted its holdings in Thomson Reuters by 45.0% in the 3rd quarter. Bank of Montreal Can now owns 7,593,951 shares of the business services provider’s stock worth $785,341,000 after buying an additional 2,357,199 shares during the period. Vanguard Group Inc. lifted its holdings in Thomson Reuters by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,584,932 shares of the business services provider’s stock worth $573,125,000 after buying an additional 150,880 shares during the period. FMR LLC lifted its holdings in Thomson Reuters by 2.7% in the 2nd quarter. FMR LLC now owns 4,351,171 shares of the business services provider’s stock worth $453,608,000 after buying an additional 114,071 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Thomson Reuters by 12.2% in the 2nd quarter. Fiera Capital Corp now owns 3,146,340 shares of the business services provider’s stock worth $327,880,000 after buying an additional 341,428 shares during the period. 20.84% of the stock is currently owned by hedge funds and other institutional investors.

Thomson Reuters Trading Up 0.6 %

NYSE TRI opened at $118.12 on Wednesday. The stock has a market capitalization of $56.23 billion, a price-to-earnings ratio of 61.20, a PEG ratio of 3.07 and a beta of 0.59. The stock’s 50 day moving average price is $115.25 and its two-hundred day moving average price is $110.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.68 and a current ratio of 0.68. Thomson Reuters has a 52 week low of $91.55 and a 52 week high of $119.87.

Thomson Reuters (NYSE:TRI – Get Rating) (TSE:TRI) last posted its earnings results on Tuesday, November 1st. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.59 billion. Thomson Reuters had a return on equity of 8.10% and a net margin of 14.38%. As a group, analysts anticipate that Thomson Reuters will post 2.47 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, November 17th were issued a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, November 16th. Thomson Reuters’s dividend payout ratio is presently 92.23%.

About Thomson Reuters

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Thomson Reuters Corporation provides 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.