Hold Thomson Reuters shares, say analysts

Analyst Ratings News reported 11 research analysts rated the stock Hold and three assigned a Buy rating to the company. The average one-year target price among brokerages that have updated their coverage on the stock in the last year is $40.40.

Thomson Reuters traded in New York were 1.54 per cent lower at $40.80 on Tuesday.

In Toronto, they closed at C$49.25, a fall of 1.74 per cent.

Thomson Reuters' most recent quarterly earnings results were announced on 29 April when the company reported $0.44 earnings per share for Q1, missing analysts’ consensus estimate of $0.45 by one cent. The company had revenue of $3.04 million for the quarter, compared with the consensus estimate of $3.03 billion.

The company announced a quarterly dividend of $0.335 per share to be paid on 15 June to investors of record on 21 May. The ex-dividend date is 19 May. ■