TD Securities restated their buy rating on shares of Thomson Reuters (NYSE:TRI) (TSE:TRI) in a report issued on Wednesday. The firm currently has a $69.00 price target on the business services provider’s stock.

TRI has been the topic of several other research reports. Goldman Sachs Group started coverage on Thomson Reuters in a report on Thursday, October 18th. They set a neutral rating on the stock. Zacks Investment Research upgraded Thomson Reuters from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Wednesday, October 17th. Morgan Stanley set a $51.00 price target on Thomson Reuters and gave the stock a buy rating in a report on Monday, October 15th. ValuEngine upgraded Thomson Reuters from a hold rating to a buy rating in a report on Wednesday, September 12th. Finally, Bank of America restated a neutral rating and set a $48.00 price target on shares of Thomson Reuters in a report on Wednesday, October 10th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Thomson Reuters currently has a consensus rating of Buy and a consensus price target of $50.00.

Shares of NYSE TRI opened at $48.08 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 2.31 and a debt-to-equity ratio of 0.39. Thomson Reuters has a 1-year low of $36.52 and a 1-year high of $48.41. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 10.77 and a beta of 0.52.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.27 EPS. Thomson Reuters’s revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that Thomson Reuters will post 0.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.35 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio is currently 54.98%.

Several large investors have recently added to or reduced their stakes in TRI. Dimensional Fund Advisors LP boosted its position in shares of Thomson Reuters by 20.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 67,961 shares of the business services provider’s stock worth $2,627,000 after acquiring an additional 11,476 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Thomson Reuters by 40.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,338 shares of the business services provider’s stock worth $206,000 after acquiring an additional 1,537 shares in the last quarter. LPL Financial LLC boosted its position in shares of Thomson Reuters by 32.0% during the 1st quarter. LPL Financial LLC now owns 9,896 shares of the business services provider’s stock worth $382,000 after acquiring an additional 2,400 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of Thomson Reuters by 325.4% during the 1st quarter. Guggenheim Capital LLC now owns 61,912 shares of the business services provider’s stock worth $2,393,000 after acquiring an additional 47,358 shares in the last quarter. Finally, Daiwa SB Investments Ltd. acquired a new position in shares of Thomson Reuters during the 2nd quarter worth about $141,000. 28.18% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. 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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Analyst Recommendations for Thomson Reuters (NYSE:TRI)

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