Analysts Set Thomson Reuters Co. (NYSE:TRI) PT at $182.09

Shares of Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $177.56.

A number of brokerages have weighed in on TRI. CIBC raised their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Canaccord Genuity Group raised their price objective on Thomson Reuters from $164.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Thomson Reuters from $175.00 to $177.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their target price on Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRI. Mackenzie Financial Corp boosted its position in Thomson Reuters by 139.5% during the 4th quarter. Mackenzie Financial Corp now owns 8,544,503 shares of the business services provider’s stock valued at $1,370,564,000 after purchasing an additional 4,977,006 shares during the period. Norges Bank acquired a new position in Thomson Reuters during the 4th quarter valued at approximately $148,221,000. Geode Capital Management LLC boosted its position in Thomson Reuters by 74.3% during the 4th quarter. Geode Capital Management LLC now owns 1,315,080 shares of the business services provider’s stock valued at $214,236,000 after purchasing an additional 560,450 shares during the period. National Bank of Canada FI boosted its position in Thomson Reuters by 115.7% during the 3rd quarter. National Bank of Canada FI now owns 963,315 shares of the business services provider’s stock valued at $164,292,000 after purchasing an additional 516,715 shares during the period. Finally, TD Asset Management Inc. boosted its position in Thomson Reuters by 12.2% during the 4th quarter. TD Asset Management Inc. now owns 4,764,429 shares of the business services provider’s stock valued at $764,654,000 after purchasing an additional 516,605 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Stock Performance

Shares of NYSE:TRI opened at $172.17 on Monday. The company has a market cap of $77.49 billion, a P/E ratio of 35.21, a PEG ratio of 5.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.02. Thomson Reuters has a one year low of $149.50 and a one year high of $180.42. The business’s 50-day simple moving average is $169.55 and its 200 day simple moving average is $167.80.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.62% and a net margin of 30.45%. On average, sell-side analysts forecast that Thomson Reuters will post 3.89 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.38 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 48.67%.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.