In yesterday’s Wall Street session, Thomson Reuters Corporation (NYSE:TRI) shares traded at $123.84, up 1.96% 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 $121.46, this indicates a potential upside of 2.91 percent. TRI stock price is now 3.54% away from the 50-day moving average and 11.51% away from the 200-day moving average. The market capitalization of the company currently stands at $60.30B.
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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 $220,109,000. GILLSON CAPITAL LP invested $23,563,000 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 $21,854,000. BAROMETER CAPITAL MANAGEMENT INC. acquired a new stake in TRI for approximately $14,550,000. QUADRATURE CAPITAL LTD purchased a new stake in TRI valued at around $8,074,000 in the second quarter. In total, there are 678 active investors with 38.10% ownership of the company’s stock.
On Thursday morning Thomson Reuters Corporation (NYSE: TRI) stock kicked off with the opening price of $121.44. 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. 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.
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 1.58% 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%.
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