Thomson Reuters (NYSE:TRI) Lowered to Buy at ValuEngine

ValuEngine lowered shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) from a strong-buy rating to a buy rating in a research report released on Thursday morning, ValuEngine reports.

A number of other analysts have also recently weighed in on TRI. Royal Bank of Canada boosted their price target on Thomson Reuters from $64.00 to $66.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. National Bank Financial cut Thomson Reuters from an outperform rating to a sector perform rating in a research report on Monday, July 29th. Canaccord Genuity cut Thomson Reuters from a hold rating to a sell rating in a research report on Wednesday, July 24th. Macquarie cut Thomson Reuters from an outperform rating to a neutral rating and set a $65.47 price target for the company. in a research report on Tuesday, June 25th. Finally, Credit Suisse Group raised Thomson Reuters from a neutral rating to an outperform rating and boosted their price target for the stock from $70.00 to $80.00 in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $68.59.

TRI traded down $1.42 during trading on Thursday, reaching $65.38. 5,355 shares of the stock traded hands, compared to its average volume of 572,827. The stock has a market cap of $33.46 billion, a PE ratio of 87.48, a price-to-earnings-growth ratio of 7.26 and a beta of 0.54. Thomson Reuters has a fifty-two week low of $44.78 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.83 and a current ratio of 1.83. The firm’s 50-day moving average price is $66.63.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. Thomson Reuters had a return on equity of 5.01% and a net margin of 69.36%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Thomson Reuters will post 1.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.68%. Thomson Reuters’s payout ratio is presently 192.00%.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Thomson Reuters by 8.4% in the first quarter. Toronto Dominion Bank now owns 1,327,821 shares of the business services provider’s stock worth $78,691,000 after purchasing an additional 103,158 shares during the period. Hilton Capital Management LLC increased its stake in shares of Thomson Reuters by 67.7% in the first quarter. Hilton Capital Management LLC now owns 327,828 shares of the business services provider’s stock worth $19,407,000 after purchasing an additional 132,315 shares during the period. Beutel Goodman & Co Ltd. increased its stake in shares of Thomson Reuters by 0.8% in the first quarter. Beutel Goodman & Co Ltd. now owns 1,786,005 shares of the business services provider’s stock worth $105,675,000 after purchasing an additional 13,570 shares during the period. Moody National Bank Trust Division bought a new position in shares of Thomson Reuters in the first quarter worth about $689,000. Finally, AdvisorNet Financial Inc increased its stake in shares of Thomson Reuters by 110.3% in the second quarter. AdvisorNet Financial Inc now owns 3,010 shares of the business services provider’s stock worth $194,000 after purchasing an additional 1,579 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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