Thomson Reuters Corp (NASDAQ:TRI) Given Average Rating of “Buy” by Analysts

Shares of Thomson Reuters Corp (NASDAQ:TRI) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $186.00.

TRI has been the topic of a number of recent analyst reports. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Thomson Reuters in a research note on Wednesday, October 8th. TD Securities raised Thomson Reuters from a “hold” rating to a “buy” rating in a research note on Thursday, August 28th. Wall Street Zen lowered Thomson Reuters from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, Huber Research raised Thomson Reuters to a “strong-buy” rating in a research note on Monday, October 20th.

Thomson Reuters Trading Down 0.9%

NASDAQ:TRI opened at $153.06 on Tuesday. The company has a market capitalization of $68.37 billion, a PE ratio of 42.28, a P/E/G ratio of 4.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day moving average price is $163.34. Thomson Reuters has a 1-year low of $149.47 and a 1-year high of $218.42.

Thomson Reuters (NASDAQ:TRI) last released its quarterly earnings results on Tuesday, February 8th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $1.62 billion for the quarter. Thomson Reuters had a return on equity of 14.04% and a net margin of 22.34%.

Thomson Reuters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Thomson Reuters’s dividend payout ratio is presently 65.75%.

Thomson Reuters Company Profile

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.