Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price target trimmed by Credit Suisse Group from $52.00 to $51.00 in a report issued on Thursday. The brokerage currently has a neutral rating on the business services provider’s stock.
TRI has been the topic of a number of other reports. Zacks Investment Research cut Thomson Reuters Corp from a buy rating to a hold rating in a research note on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price target on Thomson Reuters Corp and gave the company a hold rating in a report on Thursday, July 27th. Scotiabank upped their price target on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a sector perform rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a hold rating and set a $50.00 price target on shares of Thomson Reuters Corp in a report on Tuesday, September 19th. Finally, Berenberg Bank set a $37.00 price target on Thomson Reuters Corp and gave the company a sell rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Thomson Reuters Corp currently has a consensus rating of Hold and an average price target of $52.25.
Shares of Thomson Reuters Corp (NYSE TRI) traded up $0.12 during mid-day trading on Thursday, reaching $44.58. The company had a trading volume of 977,268 shares, compared to its average volume of 799,009. The stock has a market capitalization of $31,780.00, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.17 and a beta of 0.74. Thomson Reuters Corp has a 12 month low of $40.74 and a 12 month high of $48.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Thomson Reuters Corp had a return on equity of 13.92% and a net margin of 27.20%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts predict that Thomson Reuters Corp will post 2.46 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 16th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Wednesday, November 15th. Thomson Reuters Corp’s dividend payout ratio is currently 93.24%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. grew its holdings in Thomson Reuters Corp by 379.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 211,870 shares of the business services provider’s stock valued at $9,699,000 after buying an additional 167,714 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Thomson Reuters Corp by 25.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 269,147 shares of the business services provider’s stock valued at $12,321,000 after buying an additional 54,900 shares in the last quarter. Stevens Capital Management LP purchased a new position in Thomson Reuters Corp during the 3rd quarter valued at approximately $560,000. Cumberland Partners Ltd purchased a new position in Thomson Reuters Corp during the 3rd quarter valued at approximately $458,000. Finally, Cidel Asset Management Inc. grew its holdings in Thomson Reuters Corp by 8.9% during the 3rd quarter. Cidel Asset Management Inc. now owns 89,158 shares of the business services provider’s stock valued at $4,080,000 after buying an additional 7,301 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
Thomson Reuters Corp Company Profile
Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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