Thomson Reuters (NYSE:TRI) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its price objective boosted by The Goldman Sachs Group from $168.00 to $188.00 in a research note issued to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the business services provider’s stock.

Several other research firms have also issued reports on TRI. Royal Bank of Canada upped their price target on shares of Thomson Reuters from $171.00 to $173.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday. CIBC lifted their price target on Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Scotiabank upped their price objective on Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.09.

Thomson Reuters Trading Down 0.2 %

Thomson Reuters stock opened at $176.56 on Friday. The company has a market cap of $79.45 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 5.59 and a beta of 0.73. The firm has a 50-day moving average of $163.98 and a 200-day moving average of $165.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. Thomson Reuters has a one year low of $149.14 and a one year high of $178.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. On average, equities analysts expect that Thomson Reuters will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is presently 44.17%.

Hedge Funds Weigh In On Thomson Reuters

A number of hedge funds have recently bought and sold shares of TRI. Marshall Wace LLP acquired a new position in shares of Thomson Reuters during the 2nd quarter worth approximately $303,000. AQR Capital Management LLC acquired a new stake in Thomson Reuters during the second quarter worth approximately $236,000. Sanctuary Advisors LLC bought a new position in Thomson Reuters during the 2nd quarter worth $713,000. SG Americas Securities LLC raised its holdings in Thomson Reuters by 59.6% in the 3rd quarter. SG Americas Securities LLC now owns 2,095 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 782 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in shares of Thomson Reuters by 27.0% during the 3rd quarter. First Affirmative Financial Network now owns 1,912 shares of the business services provider’s stock valued at $326,000 after acquiring an additional 406 shares during the period. 17.31% of the stock is owned by institutional investors.

About Thomson Reuters

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.