Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have received a consensus rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $50.08.

Several brokerages have commented on TRI. Zacks Investment Research raised shares of Thomson Reuters from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday. Scotiabank lowered their target price on shares of Thomson Reuters from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, November 22nd. Goldman Sachs Group began coverage on shares of Thomson Reuters in a research note on Wednesday, November 8th. They issued a “sell” rating and a $40.00 target price for the company. Credit Suisse Group lowered their target price on shares of Thomson Reuters from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Morgan Stanley lowered their target price on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd.

Several hedge funds have recently modified their holdings of the company. Omnia Family Wealth LLC increased its position in shares of Thomson Reuters by 0.3% during the second quarter. Omnia Family Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $164,000 after acquiring an additional 10 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Thomson Reuters by 0.8% during the second quarter. Suntrust Banks Inc. now owns 47,521 shares of the business services provider’s stock worth $2,199,000 after acquiring an additional 368 shares in the last quarter. Bank of Stockton increased its position in shares of Thomson Reuters by 15.5% during the third quarter. Bank of Stockton now owns 9,370 shares of the business services provider’s stock worth $429,000 after acquiring an additional 1,260 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Thomson Reuters by 1.4% during the third quarter. Commonwealth Bank of Australia now owns 91,325 shares of the business services provider’s stock worth $4,187,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Wunderlich Capital Managemnt increased its position in shares of Thomson Reuters by 4.6% during the third quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 1,455 shares in the last quarter. 24.51% of the stock is owned by institutional investors.

Thomson Reuters (NYSE:TRI) traded up $0.21 on Monday, hitting $44.24. 629,300 shares of the company were exchanged, compared to its average volume of 617,237. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $31,329.97, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.71. Thomson Reuters has a twelve month low of $42.22 and a twelve month high of $48.61.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Thomson Reuters had a net margin of 27.20% and a return on equity of 13.91%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. Thomson Reuters’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts anticipate that Thomson Reuters will post 2.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 16th were given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Wednesday, November 15th. Thomson Reuters’s dividend payout ratio is 33.09%.

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Thomson Reuters Company Profile

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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