Thomson Reuters Corp (TRI) Given Average Recommendation of “Hold” by Analysts

Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.27.

Several research analysts have issued reports on TRI shares. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price objective (up previously from $48.00) on shares of Thomson Reuters Corp in a research report on Tuesday, July 18th. TD Securities cut their price objective on Thomson Reuters Corp from $65.00 to $61.00 and set a “hold” rating for the company in a research report on Thursday, July 20th. Royal Bank Of Canada set a $45.00 price objective on Thomson Reuters Corp and gave the stock a “hold” rating in a research report on Thursday, July 27th. Canaccord Genuity set a $47.00 price objective on Thomson Reuters Corp and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG increased their price objective on Thomson Reuters Corp from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd.

Thomson Reuters Corp (NYSE:TRI) traded down $0.11 during trading on Friday, hitting $44.50. The stock had a trading volume of 475,500 shares, compared to its average volume of 803,951. Thomson Reuters Corp has a twelve month low of $41.26 and a twelve month high of $48.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.63 and a quick ratio of 0.79. The stock has a market capitalization of $31,664.42, a PE ratio of 17.73, a PEG ratio of 2.18 and a beta of 0.74.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.10. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Thomson Reuters Corp had a return on equity of 13.91% and a net margin of 27.20%. Thomson Reuters Corp’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. sell-side analysts expect that Thomson Reuters Corp will post 2.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, November 15th. Thomson Reuters Corp’s dividend payout ratio is currently 33.09%.

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Several hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. increased its position in shares of Thomson Reuters Corp by 3.6% in the second quarter. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider’s stock valued at $330,813,000 after buying an additional 247,665 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Thomson Reuters Corp by 112.8% in the second quarter. CIBC World Markets Inc. now owns 4,066,504 shares of the business services provider’s stock valued at $188,238,000 after buying an additional 2,155,229 shares in the last quarter. BlackRock Inc. increased its position in shares of Thomson Reuters Corp by 11,279.4% in the first quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider’s stock valued at $166,597,000 after buying an additional 3,819,883 shares in the last quarter. FMR LLC increased its position in shares of Thomson Reuters Corp by 73.8% in the second quarter. FMR LLC now owns 3,320,519 shares of the business services provider’s stock valued at $153,736,000 after buying an additional 1,409,777 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Thomson Reuters Corp by 70.1% in the second quarter. Goldman Sachs Group Inc. now owns 2,827,001 shares of the business services provider’s stock valued at $130,862,000 after buying an additional 1,164,780 shares in the last quarter. Institutional investors and hedge funds own 26.09% of the company’s stock.

Thomson Reuters Corp Company Profile

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

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