Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) had its price objective cut by Royal Bank Of Canada from $48.00 to $47.00 in a research note issued to investors on Thursday morning. They currently have a sector perform rating on the business services provider’s stock.
Several other research firms also recently weighed in on TRI. Zacks Investment Research raised shares of Thomson Reuters Corp from a sell rating to a hold rating and set a $53.00 price target for the company in a research note on Thursday, August 3rd. Credit Suisse Group initiated coverage on shares of Thomson Reuters Corp in a research note on Tuesday, October 24th. They set a neutral rating and a $52.00 price target for the company. Deutsche Bank AG lifted their price target on shares of Thomson Reuters Corp from $50.00 to $55.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Thomson Reuters Corp from a buy rating to a hold rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley lifted their price target on shares of Thomson Reuters Corp from $51.00 to $52.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Thomson Reuters Corp presently has an average rating of Hold and a consensus target price of $52.25.
Shares of Thomson Reuters Corp (NYSE:TRI) traded up $0.12 during trading hours on Thursday, hitting $44.58. The company’s stock had a trading volume of 977,268 shares, compared to its average volume of 924,194. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48. Thomson Reuters Corp has a fifty-two week low of $40.74 and a fifty-two week high of $48.61. The stock has a market capitalization of $31,861.50, a price-to-earnings ratio of 17.76, a PEG ratio of 2.18 and a beta of 0.74.
Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.10. Thomson Reuters Corp had a net margin of 27.20% and a return on equity of 13.92%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. analysts expect that Thomson Reuters Corp will post 2.45 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, November 15th. Thomson Reuters Corp’s payout ratio is presently 33.09%.
Hedge funds have recently modified their holdings of the company. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp during the second quarter worth $106,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp during the second quarter worth $127,000. Omnia Family Wealth LLC grew its holdings in shares of Thomson Reuters Corp by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock valued at $164,000 after buying an additional 10 shares during the last quarter. Beach Investment Management LLC. purchased a new stake in shares of Thomson Reuters Corp during the second quarter valued at $203,000. Finally, SG Americas Securities LLC grew its holdings in shares of Thomson Reuters Corp by 44.0% during the second quarter. SG Americas Securities LLC now owns 4,900 shares of the business services provider’s stock valued at $227,000 after buying an additional 1,497 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
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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