Thomson Reuters Co. (TSE:TRI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$197.50.

TRI has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, TD Securities increased their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th.

Insider Activity

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$239.17 on Friday. Thomson Reuters has a 1-year low of C$199.00 and a 1-year high of C$243.42. The firm has a market capitalization of C$107.56 billion, a PE ratio of 33.73, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The business’s fifty day moving average price is C$231.93 and its two-hundred day moving average price is C$229.55.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, beating the consensus estimate of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same period in the prior year, the firm posted $1.10 EPS. On average, research analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.22%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio is currently 41.33%.

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.