Shares of Thomson Reuters Corp (NASDAQ:TRI – Get Free Report) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $144.8434.
A number of analysts have recently commented on the company. Royal Bank Of Canada raised Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a $127.89 price target for the company in a research note on Tuesday, February 10th. Barclays restated an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on shares of Thomson Reuters from $87.00 to $97.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, TD Securities restated a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th.
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Institutional Inflows and Outflows
Thomson Reuters Stock Performance
Shares of NASDAQ:TRI opened at $82.32 on Wednesday. The stock has a market capitalization of $35.91 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.24 and a beta of 0.77. Thomson Reuters has a 1-year low of $78.60 and a 1-year high of $218.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $89.06 and a two-hundred day moving average price of $106.22.
Thomson Reuters (NASDAQ:TRI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.05. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Equities analysts predict that Thomson Reuters will post 4.44 earnings per share for the current year.
Thomson Reuters Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.655 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.62 dividend on an annualized basis and a yield of 3.2%. Thomson Reuters’s payout ratio is currently 76.16%.
Thomson Reuters Company Profile
Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.
Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.
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