Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a research report issued to clients and investors on Saturday. They currently have a $57.00 price target on the stock, up from their prior price target of $56.00. TD Securities’ price objective indicates a potential upside of 32.62% from the company’s current price.
A number of other equities analysts have also commented on TRI. BMO Capital Markets reissued an “outperform” rating and set a $60.00 price target (up from $57.50) on shares of Thomson Reuters Corp. in a research note on Monday, August 1st. Zacks Investment Research lowered Thomson Reuters Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Barclays PLC increased their price target on Thomson Reuters Corp. from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Macquarie started coverage on Thomson Reuters Corp. in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Canaccord Genuity reissued a “buy” rating and set a $47.00 price target on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Thomson Reuters Corp. has a consensus rating of “Hold” and an average price target of $47.50.
Shares of Thomson Reuters Corp. (NYSE:TRI) opened at 42.98 on Friday. Thomson Reuters Corp. has a 52-week low of $33.96 and a 52-week high of $43.68. The company has a 50-day moving average price of $40.79 and a 200-day moving average price of $41.36. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 25.43 and a beta of 0.82.
Thomson Reuters Corp. (NYSE:TRI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. The company earned $2.74 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Thomson Reuters Corp. will post $2.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a $0.34 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.16%. Thomson Reuters Corp.’s payout ratio is 80.95%.
Several large investors have recently modified their holdings of TRI. Logan Capital Management Inc. increased its stake in shares of Thomson Reuters Corp. by 10.8% in the first quarter. Logan Capital Management Inc. now owns 21,807 shares of the company’s stock valued at $882,000 after buying an additional 2,127 shares during the last quarter. Nexus Investment Management Inc. increased its position in Thomson Reuters Corp. by 4.4% in the second quarter. Nexus Investment Management Inc. now owns 436,425 shares of the company’s stock valued at $17,536,000 after buying an additional 18,200 shares during the last quarter. Raymond James Trust N.A. increased its position in Thomson Reuters Corp. by 3.5% in the second quarter. Raymond James Trust N.A. now owns 11,302 shares of the company’s stock valued at $456,000 after buying an additional 382 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new position in Thomson Reuters Corp. during the second quarter valued at approximately $182,000. Finally, Bank of Stockton increased its position in Thomson Reuters Corp. by 5.5% in the second quarter. Bank of Stockton now owns 7,385 shares of the company’s stock valued at $298,000 after buying an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 28.98% of the company’s stock.
Thomson Reuters Corp. Company Profile