Today: Today, Thomson Reuters Corp.’s (TRI) “Hold” Rating Reaffirm at TD Securities

Today, Thomson Reuters Corp.’s (TRI) “Hold” Rating Reaffirm at TD Securities

TD Securities reiterated their hold rating on shares of Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) in a research note released on Saturday. They currently have a $57.00 target price on the stock, up from their previous target price of $56.00.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Scotiabank reissued a sector perform rating and issued a $43.00 target price (up previously from $42.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. RBC Capital Markets reissued a sector perform rating and issued a $56.00 target price on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. CIBC reissued an outperform rating and issued a $45.00 target price (up previously from $44.00) on shares of Thomson Reuters Corp. in a report on Thursday, November 3rd. Finally, Zacks Investment Research raised Thomson Reuters Corp. from a sell rating to a hold rating in a report on Thursday, November 3rd. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Thomson Reuters Corp. presently has a consensus rating of Hold and an average price target of $47.50.

Thomson Reuters Corp. (NYSE:TRI) opened at 42.98 on Friday. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 25.43 and a beta of 0.82. The company has a 50 day moving average price of $40.79 and a 200 day moving average price of $41.36. Thomson Reuters Corp. has a 52 week low of $33.96 and a 52 week high of $43.68.

Thomson Reuters Corp. (NYSE:TRI) last posted its earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.75 billion. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. Thomson Reuters Corp.’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. Analysts expect that Thomson Reuters Corp. will post $2.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.16%. Thomson Reuters Corp.’s dividend payout ratio (DPR) is 80.95%.

Large investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its stake in shares of Thomson Reuters Corp. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 9,682 shares of the company’s stock valued at $401,000 after buying an additional 39 shares during the period. Quotient Investors LLC increased its stake in shares of Thomson Reuters Corp. by 1.0% in the second quarter. Quotient Investors LLC now owns 10,540 shares of the company’s stock valued at $426,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Thomson Reuters Corp. by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 13,711 shares of the company’s stock valued at $554,000 after buying an additional 215 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Thomson Reuters Corp. by 2.5% in the third quarter. Checchi Capital Advisers LLC now owns 9,215 shares of the company’s stock valued at $381,000 after buying an additional 221 shares during the period. Finally, US Bancorp DE increased its stake in shares of Thomson Reuters Corp. by 2.7% in the third quarter. US Bancorp DE now owns 10,089 shares of the company’s stock valued at $418,000 after buying an additional 264 shares during the period. Institutional investors and hedge funds own 28.98% of the company’s stock.

Thomson Reuters Corp. Company Profile

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