Shares of Thomson Reuters Corp (NASDAQ:TRI – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $131.57.
A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Thomson Reuters from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Scotiabank restated a “sector outperform” rating and issued a $135.00 price objective on shares of Thomson Reuters in a research note on Thursday, August 6th. Scotia dropped their target price on shares of Thomson Reuters from $138.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group cut their target price on shares of Thomson Reuters from $134.00 to $132.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $85.00 price target on shares of Thomson Reuters and gave the company an “equal weight” rating in a report on Tuesday, June 30th.
Get Our Latest Analysis on TRI
Thomson Reuters Stock Performance
Thomson Reuters (NASDAQ:TRI – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Thomson Reuters had a net margin of 21.22% and a return on equity of 15.82%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Thomson Reuters will post 4.48 EPS for the current year.
Thomson Reuters Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $0.6550 per share. This represents a $2.62 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, August 19th. Thomson Reuters’s payout ratio is currently 69.68%.
Institutional Investors Weigh In On Thomson Reuters
Several institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in Thomson Reuters in the first quarter valued at about $48,000. Continuum Advisory LLC acquired a new stake in Thomson Reuters during the second quarter valued at approximately $45,000. Hantz Financial Services Inc. grew its stake in shares of Thomson Reuters by 1,011.7% in the 4th quarter. Hantz Financial Services Inc. now owns 667 shares of the company’s stock valued at $88,000 after purchasing an additional 607 shares during the period. Allworth Financial LP grew its stake in shares of Thomson Reuters by 72.8% in the 4th quarter. Allworth Financial LP now owns 700 shares of the company’s stock valued at $92,000 after purchasing an additional 295 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Thomson Reuters by 38.0% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 730 shares of the company’s stock worth $96,000 after buying an additional 201 shares in the last quarter. Institutional investors own 17.31% of the company’s stock.
About Thomson Reuters
Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.
The company’s offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.
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