Trade Report: Today, Thomson Reuters Corp. (TRI) Given Hold Rating at TD Securities

Today, Thomson Reuters Corp. (TRI) Given Hold Rating at TD Securities

Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI)‘s stock had its “hold” rating reaffirmed by TD Securities in a report issued on Saturday. They currently have a $57.00 price objective on the stock, up from their prior price objective of $56.00. TD Securities’ price objective would suggest a potential upside of 32.62% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Thomson Reuters Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Scotiabank reiterated a “sector perform” rating and issued a $43.00 price objective (up from $42.00) on shares of Thomson Reuters Corp. in a research report on Thursday, November 3rd. CIBC reiterated an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Thomson Reuters Corp. in a research report on Thursday, November 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Thomson Reuters Corp. in a research report on Thursday, September 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $60.00 price objective (up from $57.50) on shares of Thomson Reuters Corp. in a research report on Monday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently 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 one year low of $33.96 and a one year high of $43.68. The company has a market cap of $31.58 billion, a P/E ratio of 25.43 and a beta of 0.82. The company’s 50-day moving average price is $40.79 and its 200 day moving average price is $41.36.

Thomson Reuters Corp. (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ 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%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. On average, equities research analysts anticipate that Thomson Reuters Corp. will post $2.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Tuesday, November 15th. Thomson Reuters Corp.’s payout ratio is 80.95%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Montrusco Bolton Investments Inc. boosted its position in shares of Thomson Reuters Corp. by 361.8% in the second quarter. Montrusco Bolton Investments Inc. now owns 2,191,105 shares of the company’s stock worth $88,187,000 after buying an additional 1,716,626 shares during the last quarter. Parnassus Investments CA boosted its position in Thomson Reuters Corp. by 14.9% in the third quarter. Parnassus Investments CA now owns 10,279,057 shares of the company’s stock valued at $425,347,000 after buying an additional 1,332,842 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Thomson Reuters Corp. during the second quarter valued at $32,420,000. The Manufacturers Life Insurance Company acquired a new position in Thomson Reuters Corp. during the third quarter valued at $31,060,000. Finally, Vanguard Group Inc. boosted its position in Thomson Reuters Corp. by 9.9% in the second quarter. Vanguard Group Inc. now owns 6,720,025 shares of the company’s stock valued at $271,624,000 after buying an additional 607,976 shares in the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.

About Thomson Reuters Corp.

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