Thomson Reuters Co. (NYSE:TRI) Receives $176.10 Average Target Price from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $176.10.

TRI has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on Thomson Reuters from $182.00 to $187.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. CIBC increased their price objective on shares of Thomson Reuters from $164.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company began coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 target price for the company. Royal Bank of Canada increased their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Thomson Reuters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Thomson Reuters Price Performance

Shares of TRI opened at $164.70 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $162.62 and its 200 day simple moving average is $165.21. Thomson Reuters has a 1-year low of $148.16 and a 1-year high of $176.03. The company has a market cap of $74.12 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 5.13 and a beta of 0.72.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm earned $0.82 EPS. Thomson Reuters’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Thomson Reuters will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.15. Thomson Reuters’s payout ratio is 42.52%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. First Affirmative Financial Network increased its stake in shares of Thomson Reuters by 15.1% in the 4th quarter. First Affirmative Financial Network now owns 2,200 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 288 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of Thomson Reuters by 3.5% in the fourth quarter. Forsta AP Fonden now owns 74,388 shares of the business services provider’s stock worth $11,939,000 after acquiring an additional 2,500 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Thomson Reuters in the 4th quarter valued at approximately $186,000. Griffin Asset Management Inc. grew its holdings in shares of Thomson Reuters by 4.9% during the 4th quarter. Griffin Asset Management Inc. now owns 6,475 shares of the business services provider’s stock valued at $1,038,000 after purchasing an additional 300 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Thomson Reuters by 5.7% in the 4th quarter. Pacer Advisors Inc. now owns 1,196 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 64 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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.