Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on TRI. National Bankshares boosted their price objective on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. TD Securities raised their target price on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Finally, Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$197.50.

Thomson Reuters Price Performance

TRI opened at C$226.56 on Tuesday. Thomson Reuters has a 12-month low of C$185.73 and a 12-month high of C$242.92. The stock has a fifty day simple moving average of C$230.17 and a two-hundred day simple moving average of C$229.18. The company has a market cap of C$101.89 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 21st will be given a dividend of $0.73 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 21st. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Director Caroline Rogge sold 339 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. Over the last 90 days, insiders have sold 14,128 shares of company stock worth $3,155,777. Insiders own 69.76% of the company’s stock.

About Thomson Reuters

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.