In yesterday’s Wall Street session, Thomson Reuters Corporation (NYSE:TRI) shares traded at $121.46, down -1.11% from the previous session.
17 analysts cover Thomson Reuters Corporation (NYSE:TRI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $182.00 and a low of $100.00, we find $125.00. Given the previous closing price of $122.82, this indicates a potential upside of 1.77 percent. TRI stock price is now 1.68% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $59.14B.
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The stock has received a hold rating from 7 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $127.05 as their price target over the next twelve months.
, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’.
A total of 55.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRI stock. A new stake in Thomson Reuters Corporation shares was purchased by WCM INVESTMENT MANAGEMENT, LLC during the first quarter worth $215,879,000. GILLSON CAPITAL LP invested $23,110,000 in shares of TRI during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in Thomson Reuters Corporation valued at approximately $21,434,000. BAROMETER CAPITAL MANAGEMENT INC. acquired a new stake in TRI for approximately $14,270,000. QUADRATURE CAPITAL LTD purchased a new stake in TRI valued at around $7,919,000 in the second quarter. In total, there are 678 active investors with 38.10% ownership of the company’s stock.
On Wednesday morning Thomson Reuters Corporation (NYSE: TRI) stock kicked off with the opening price of $121.02. During the past 12 months, Thomson Reuters Corporation has had a low of $91.55 and a high of $125.32. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for TRI is $119.60 and a two-hundred day moving average price translates $111.05 for the stock.
The latest earnings results from Thomson Reuters Corporation (NYSE: TRI) was released for Sep, 2022. According to the Specialty Business Services Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.65 by 0.08. This compares to $0.00 EPS in the same period last year. The net profit margin was 20.10% and return on equity was 10.30% for TRI. The company reported revenue of $1.76 billion for the quarter, compared to $1.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.22 percent. For the current quarter, analysts expect TRI to generate $1.73B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 02/23/2023 were paid a $0.49 dividend. On an annualized basis, this represents a $1.96 dividend and a 1.61% percent yield. There was an ex-dividend date of 02/22/2023 for this dividend. In terms of dividend payout ratio, TRI is presently at 32.30%.
Thomson Reuters Corporation(TRI) Company Profile
Thomson Reuters Corporation provides 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. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, and international news to media organizations, professional, and news consumers through news agency and industry events. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation operates a subsidiary of The Woodbridge Company Limited.
