National Bank Financial Reaffirms Buy Rating for Thomson Reuters (TRI)

National Bank Financial reaffirmed their buy rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a research note released on Wednesday. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.61 EPS, FY2019 earnings at $1.33 EPS and FY2020 earnings at $1.98 EPS.

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Thomson Reuters from a hold rating to a buy rating in a research note on Wednesday, September 12th. Canaccord Genuity reiterated a buy rating and issued a $50.00 price target on shares of Thomson Reuters in a research note on Wednesday, September 5th. Zacks Investment Research upgraded shares of Thomson Reuters from a hold rating to a buy rating and set a $51.00 price target on the stock in a research note on Wednesday, October 17th. Morgan Stanley set a $51.00 price target on shares of Thomson Reuters and gave the stock a buy rating in a research note on Monday, October 15th. Finally, TD Securities reiterated a buy rating and issued a $69.00 price target on shares of Thomson Reuters in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Thomson Reuters currently has a consensus rating of Buy and a consensus price target of $50.00.

Shares of Thomson Reuters stock opened at $48.08 on Wednesday. The stock has a market capitalization of $26.87 billion, a P/E ratio of 19.16, a PEG ratio of 10.77 and a beta of 0.52. Thomson Reuters has a 1 year low of $36.52 and a 1 year high of $48.41. The company has a current ratio of 2.45, a quick ratio of 2.31 and a debt-to-equity ratio of 0.39.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Thomson Reuters had a net margin of 16.21% and a return on equity of 6.10%. Thomson Reuters’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, analysts expect that Thomson Reuters will post 0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a $0.35 dividend. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.91%. Thomson Reuters’s payout ratio is 54.98%.

A number of large investors have recently modified their holdings of TRI. Steward Partners Investment Advisory LLC raised its position in Thomson Reuters by 6,100.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,480 shares of the business services provider’s stock worth $100,000 after buying an additional 2,440 shares during the last quarter. Daiwa SB Investments Ltd. purchased a new position in Thomson Reuters in the 2nd quarter worth about $141,000. Cerebellum GP LLC purchased a new position in Thomson Reuters in the 3rd quarter worth about $190,000. Beach Investment Counsel Inc. PA purchased a new position in Thomson Reuters in the 3rd quarter worth about $200,000. Finally, Laurel Wealth Advisors Inc. purchased a new position in Thomson Reuters in the 2nd quarter worth about $201,000. 28.18% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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