ValuEngine upgraded shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a sell rating to a hold rating in a research note published on Monday.
Several other research analysts have also recently commented on TRI. Edward Jones cut Thomson Reuters from a buy rating to a hold rating in a research report on Thursday, February 1st. National Bank Financial cut Thomson Reuters from an outperform rating to a sector perform rating in a research report on Wednesday, January 31st. Royal Bank of Canada raised Thomson Reuters from a sector perform rating to an outperform rating and set a $44.00 target price for the company in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research raised Thomson Reuters from a hold rating to a buy rating and set a $45.00 target price for the company in a research report on Thursday, April 12th. Finally, Bank of America reduced their target price on Thomson Reuters from $44.00 to $42.00 and set a neutral rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $46.79.
Shares of Thomson Reuters opened at $39.07 on Monday, Marketbeat reports. The firm has a market capitalization of $27.71 billion, a PE ratio of 15.57, a P/E/G ratio of 8.01 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.08. Thomson Reuters has a 1 year low of $38.15 and a 1 year high of $38.81.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.53%. Thomson Reuters’s payout ratio is presently 54.98%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. lifted its holdings in shares of Thomson Reuters by 67.7% during the fourth quarter. Shell Asset Management Co. now owns 183,440 shares of the business services provider’s stock valued at $8,022,000 after acquiring an additional 74,078 shares during the period. First Trust Advisors LP lifted its holdings in shares of Thomson Reuters by 17.5% during the fourth quarter. First Trust Advisors LP now owns 508,928 shares of the business services provider’s stock valued at $22,184,000 after acquiring an additional 75,835 shares during the period. Lourd Capital LLC bought a new position in shares of Thomson Reuters during the fourth quarter valued at $264,000. Dean Capital Investments Management LLC bought a new position in shares of Thomson Reuters during the fourth quarter valued at $387,000. Finally, Guardian Capital Advisors LP lifted its holdings in shares of Thomson Reuters by 3.1% during the fourth quarter. Guardian Capital Advisors LP now owns 162,949 shares of the business services provider’s stock valued at $8,894,000 after acquiring an additional 4,834 shares during the period. 25.48% of the stock is owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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