BidaskClub Upgrades Thomson Reuters Corp (TRI) to “Buy”

BidaskClub upgraded shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) from a hold rating to a buy rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Thomson Reuters Corp from a buy rating to a hold rating in a research note on Wednesday, May 3rd. Macquarie raised shares of Thomson Reuters Corp from a neutral rating to an outperform rating in a research note on Thursday, June 15th. National Bank Financial raised shares of Thomson Reuters Corp from a sector perform market weight rating to an outperform market weight rating in a research note on Monday, April 17th. BMO Capital Markets boosted their price target on shares of Thomson Reuters Corp from $64.00 to $65.00 and gave the stock an outperform rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Thomson Reuters Corp from $43.00 to $44.00 and gave the stock a sector perform rating in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $48.00.

Analyst Recommendations for Thomson Reuters Corp (NYSE:TRI)

Thomson Reuters Corp (TRI) traded up 0.35% on Friday, reaching $46.53. 18,764,628 shares of the company’s stock traded hands. The firm has a market capitalization of $33.59 billion, a PE ratio of 11.00 and a beta of 0.76. Thomson Reuters Corp has a 52-week low of $38.23 and a 52-week high of $46.83. The firm’s 50 day moving average price is $44.19 and its 200 day moving average price is $43.96.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its earnings results on Friday, April 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.10. Thomson Reuters Corp had a net margin of 28.14% and a return on equity of 13.37%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Thomson Reuters Corp’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Thomson Reuters Corp will post $2.36 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th were given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, May 16th. Thomson Reuters Corp’s dividend payout ratio is 32.47%.

Several large investors have recently modified their holdings of TRI. UBS Asset Management Americas Inc. increased its stake in shares of Thomson Reuters Corp by 11.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 115,689 shares of the business services provider’s stock valued at $5,065,000 after buying an additional 11,488 shares in the last quarter. Lincluden Management Ltd. increased its stake in shares of Thomson Reuters Corp by 16.2% in the fourth quarter. Lincluden Management Ltd. now owns 178,320 shares of the business services provider’s stock valued at $7,796,000 after buying an additional 24,835 shares in the last quarter. Norges Bank bought a new stake in shares of Thomson Reuters Corp during the fourth quarter valued at about $160,263,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Thomson Reuters Corp by 9.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,776 shares of the business services provider’s stock valued at $165,000 after buying an additional 337 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Thomson Reuters Corp by 11.8% in the fourth quarter. AQR Capital Management LLC now owns 997,380 shares of the business services provider’s stock valued at $43,695,000 after buying an additional 105,132 shares in the last quarter. 26.99% of the stock is owned by institutional investors.

Thomson Reuters Corp Company Profile

Thomson Reuters Corporation (Thomson Reuters) is a 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 segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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