Thomson Reuters Co. (TSE:TRI) Receives C$270.33 Consensus Target Price from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$270.33.

TRI has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. TD Securities lifted their price target on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Finally, National Bankshares upped their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$250.58 on Tuesday. The company has a 50 day moving average price of C$237.82 and a 200-day moving average price of C$232.44. Thomson Reuters has a 52 week low of C$204.57 and a 52 week high of C$256.51. The firm has a market capitalization of C$79.16 billion, a PE ratio of 37.73, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period last year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.95%. Thomson Reuters’s payout ratio is presently 44.12%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. Insiders own 69.76% of the company’s stock.

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.