Thomson Reuters Co. (NYSE:TRI) Receives $157.42 Consensus Price Target from Brokerages

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) has earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $157.42.

A number of brokerages have commented on TRI. CIBC increased their price objective on shares of Thomson Reuters from $146.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Scotiabank boosted their price objective on shares of Thomson Reuters from $142.00 to $159.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $153.00 price objective on shares of Thomson Reuters in a research report on Wednesday, March 13th. National Bank Financial downgraded Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Finally, Barclays raised Thomson Reuters from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $150.00 to $180.00 in a research note on Thursday, March 14th.

Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in shares of Thomson Reuters by 17.3% in the 3rd quarter. Mackenzie Financial Corp now owns 6,240,651 shares of the business services provider’s stock valued at $755,514,000 after buying an additional 919,603 shares during the period. Vanguard Group Inc. increased its holdings in shares of Thomson Reuters by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,698,178 shares of the business services provider’s stock worth $833,188,000 after acquiring an additional 52,138 shares in the last quarter. FMR LLC increased its holdings in shares of Thomson Reuters by 26.3% in the third quarter. FMR LLC now owns 5,657,244 shares of the business services provider’s stock worth $692,059,000 after acquiring an additional 1,179,155 shares in the last quarter. FIL Ltd raised its position in shares of Thomson Reuters by 9.8% during the fourth quarter. FIL Ltd now owns 4,994,299 shares of the business services provider’s stock worth $730,195,000 after purchasing an additional 445,444 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Thomson Reuters by 6.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,088,818 shares of the business services provider’s stock valued at $500,872,000 after purchasing an additional 240,148 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at $150.22 on Friday. The stock has a market capitalization of $67.81 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 3.91 and a beta of 0.65. The firm’s 50-day moving average price is $155.87 and its two-hundred day moving average price is $144.64. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Thomson Reuters has a 1-year low of $117.46 and a 1-year high of $161.57.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Thomson Reuters had a return on equity of 14.01% and a net margin of 39.67%. Thomson Reuters’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. On average, equities analysts predict that Thomson Reuters will post 3.58 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a dividend of $0.54 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.44%. Thomson Reuters’s dividend payout ratio (DPR) is presently 36.99%.

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.