Thomson Reuters (NYSE:TRI) Price Target Raised to $190.00 at UBS Group

Thomson Reuters (NYSE:TRI) (TSE:TRI) had its target price boosted by UBS Group from $177.00 to $190.00 in a research note issued to investors on Friday, Benzinga reports. UBS Group currently has a buy rating on the business services provider’s stock.

Several other research firms have also commented on TRI. Canaccord Genuity Group increased their target price on Thomson Reuters from $149.00 to $156.00 and gave the company a hold rating in a report on Friday. CIBC increased their target price on Thomson Reuters from $152.00 to $156.00 and gave the stock a neutral rating in a research report on Friday. Scotiabank raised their price objective on Thomson Reuters from $159.00 to $164.00 and gave the company a sector perform rating in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $153.00 to $156.00 and gave the stock a sector perform rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Thomson Reuters from $152.00 to $163.00 and gave the stock a neutral rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $164.31.

Thomson Reuters Trading Up 1.1 %

Shares of TRI stock traded up $1.78 on Friday, reaching $164.74. 619,405 shares of the company’s stock were exchanged, compared to its average volume of 362,043. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $155.25 and its 200 day simple moving average is $146.11. The stock has a market capitalization of $74.35 billion, a PE ratio of 31.38, a P/E/G ratio of 4.24 and a beta of 0.65. Thomson Reuters has a 52 week low of $117.46 and a 52 week high of $166.11.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 15.43%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. As a group, analysts forecast that Thomson Reuters will post 3.58 EPS for the current year.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRI. Trust Co. of Vermont bought a new stake in Thomson Reuters in the 3rd quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new position in shares of Thomson Reuters during the 3rd quarter worth about $28,000. Pacifica Partners Inc. lifted its holdings 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 during the period. Operose Advisors LLC acquired a new stake in shares of Thomson Reuters during the 3rd quarter worth about $37,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Thomson Reuters in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 17.31% of the company’s stock.

Thomson Reuters Company Profile

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.