Thomson Reuters Corp (TRI) Given Consensus Recommendation of "Hold" by Brokerages

Paterniano Del Favero
Agosto 10, 2017

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) has been given an average recommendation of "Hold" by the nine research firms that are presently covering the stock, MarketBeat reports. Finally, BMO Capital Markets upped their price target on shares of Thomson Reuters Corp from $64.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, May 2nd. Out of 13 Wall Street analysts rating Thomson Reuters, 2 give it "Buy", 1 "Sell" rating, while 10 recommend "Hold". Finally, Canaccord Genuity lowered Thomson Reuters Corp from a "buy" rating to a "hold" rating and set a $47.00 target price on the stock.in a report on Monday, May 1st.

Shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) have been assigned an average recommendation of "Hold" from the sixteen analysts that are now covering the company, Marketbeat reports. The stock has a consensus rating of "Hold" and a consensus price target of $49.83.

Shares of Thomson Reuters Corp (TRI) traded down 0.11% on Friday, hitting $46.97. Thomson Reuters Corp has a one year low of $52.01 and a one year high of $62.83. The firm has a market capitalization of $33.87 billion, a P/E ratio of 11.53 and a beta of 0.75. The firm has a 50 day moving average of $46.25 and a 200-day moving average of $44.41.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.78 billion. The firm's revenue was up.5% compared to the same quarter previous year. On average, equities analysts predict that Thomson Reuters Corp will post $2.43 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be issued a $0.345 dividend. RBC Capital Markets maintained Thomson Reuters Corp (NYSE:TRI) rating on Tuesday, August 1. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.93%. Moreover, Aqr Mgmt Ltd Llc has 0.06% invested in Thomson Reuters Corp (NYSE:TRI).

Thomson Reuters Corp declared that its Board of Directors has authorized a share buyback program on Wednesday, May 24th that allows the company to buyback 36,000,000 outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued. Renaissance Technologies LLC now owns 145,900 shares of the business services provider's stock valued at $6,379,000 after buying an additional 93,000 shares during the last quarter. As of the end of the quarter Westpac Banking Corp had sold a total of 4,934 shares trimming its stake by 27.3%. Wellington Management Group LLP now owns 11,896,855 shares of the business services provider's stock valued at $514,297,000 after buying an additional 52,932 shares in the last quarter. Huntington National Bank acquired a new position in shares of Thomson Reuters Corp during the second quarter worth $106,000. TD Asset Management Inc. now owns 7,155,761 shares of the business services provider's stock worth $330,813,000 after buying an additional 247,665 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Thomson Reuters Corp by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 7,317,244 shares of the business services provider's stock valued at $316,324,000 after buying an additional 193,354 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Thomson Reuters Corp by 4.9% in the first quarter. BlackRock Inc. now owns 3,853,749 shares of the business services provider's stock worth $166,597,000 after buying an additional 3,819,883 shares during the period. Beutel Goodman & Co Ltd. now owns 5,057,257 shares of the business services provider's stock valued at $218,332,000 after buying an additional 236,410 shares during the last quarter.

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

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