Thomson Reuters (TRI) Rating Increased to Hold at ValuEngine

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.



Thomson Reuters (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings data on Friday, May 11th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.30). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $2.91 billion. Thomson Reuters had a return on equity of 11.61% and a net margin of 7.67%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. sell-side analysts anticipate that Thomson Reuters will post 0.69 earnings per share for the current year.

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.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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