Thomson Reuters (NYSE:TRI) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a hold rating to a buy rating in a research note released on Wednesday, September 12th.

TRI has been the topic of a number of other research reports. Canaccord Genuity reaffirmed a buy rating and set a $50.00 target price on shares of Thomson Reuters in a research note on Wednesday, September 5th. Zacks Investment Research raised shares of Thomson Reuters from a strong sell rating to a buy rating and set a $47.00 target price on the stock in a research note on Sunday, July 15th. Royal Bank of Canada lifted their target price on shares of Thomson Reuters from $44.00 to $45.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Finally, Piper Jaffray Companies lifted their target price on shares of Thomson Reuters to $45.00 and gave the company a neutral rating in a research note on Thursday, June 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $45.70.

Thomson Reuters stock traded down $0.05 during trading hours on Wednesday, reaching $46.69. The stock had a trading volume of 3,468,482 shares, compared to its average volume of 1,576,148. The firm has a market cap of $31.98 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 12.90 and a beta of 0.65. Thomson Reuters has a 52 week low of $36.52 and a 52 week high of $48.61. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Wednesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Thomson Reuters had a net margin of 14.15% and a return on equity of 9.17%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, sell-side analysts expect that Thomson Reuters will post 0.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 16th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.96%. The ex-dividend date was Wednesday, August 15th. Thomson Reuters’s payout ratio is currently 54.98%.

A number of large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in Thomson Reuters by 1.7% during the second quarter. Janus Henderson Group PLC now owns 76,281 shares of the business services provider’s stock worth $3,083,000 after acquiring an additional 1,304 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Thomson Reuters by 40.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock worth $206,000 after acquiring an additional 1,537 shares in the last quarter. BB&T Securities LLC boosted its stake in Thomson Reuters by 0.6% during the first quarter. BB&T Securities LLC now owns 271,068 shares of the business services provider’s stock worth $10,477,000 after acquiring an additional 1,639 shares in the last quarter. Natixis boosted its stake in Thomson Reuters by 6.4% during the first quarter. Natixis now owns 32,242 shares of the business services provider’s stock worth $1,246,000 after acquiring an additional 1,928 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Thomson Reuters by 32.0% during the first quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after acquiring an additional 2,400 shares in the last quarter. 22.53% of the stock is currently owned by institutional investors and hedge funds.

About Thomson Reuters

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.

See Also: Compound Annual Growth Rate (CAGR)

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