Thomson Reuters (NYSE:TRI) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Thomson Reuters (NYSE:TRIFree Report) (TSE:TRI) from an equal weight rating to an overweight rating in a research note released on Thursday, Marketbeat Ratings reports. Barclays currently has $180.00 price target on the business services provider’s stock, up from their previous price target of $150.00.

A number of other equities analysts have also recently commented on TRI. Royal Bank of Canada raised their target price on Thomson Reuters from $149.00 to $153.00 and gave the company a sector perform rating in a report on Friday, February 9th. CIBC lifted their price objective on Thomson Reuters from $130.00 to $138.00 and gave the company a neutral rating in a research note on Thursday, January 11th. National Bank Financial cut Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research note on Tuesday, February 20th. Finally, Scotiabank raised their target price on Thomson Reuters from $142.00 to $159.00 and gave the stock a sector perform rating in a research report on Friday, February 9th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $153.08.

Read Our Latest Analysis on Thomson Reuters

Thomson Reuters Stock Up 0.1 %

Shares of NYSE TRI opened at $157.35 on Thursday. The company’s 50-day simple moving average is $153.35 and its 200-day simple moving average is $139.79. Thomson Reuters has a 52-week low of $117.46 and a 52-week high of $161.57. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 4.07 and a beta of 0.66. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.

Thomson Reuters (NYSE:TRIGet Free Report) (TSE:TRI) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. Thomson Reuters had a net margin of 39.67% and a return on equity of 14.01%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Thomson Reuters’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Thomson Reuters will post 3.58 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were given a $0.54 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is currently 36.99%.

Hedge Funds Weigh In On Thomson Reuters

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Thomson Reuters during the 2nd quarter valued at $25,000. Belpointe Asset Management LLC boosted its stake in Thomson Reuters by 134.9% during the 1st quarter. Belpointe Asset Management LLC now owns 195 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 112 shares in the last quarter. Trust Co. of Vermont bought a new position in Thomson Reuters during the 3rd quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Thomson Reuters during the 3rd quarter worth $28,000. Finally, Pacifica Partners Inc. boosted its stake in shares of Thomson Reuters by 162.0% during the 4th quarter. Pacifica Partners Inc. now owns 241 shares of the business services provider’s stock worth $34,000 after acquiring an additional 149 shares in the last quarter. 17.31% of the stock is owned by institutional investors.

About Thomson Reuters

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Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.

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