Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Moderate Buy” by Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$197.50.

TRI has been the subject of several research analyst reports. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. TD Securities upped their price target on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. National Bankshares upped their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th.

Insider Buying and Selling

In other news, Director Caroline Rogge sold 339 shares of Thomson Reuters stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. Also, 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. Insiders sold a total of 14,128 shares of company stock worth $3,155,777 in the last three months. Insiders own 69.76% of the company’s stock.

Thomson Reuters Price Performance

TRI opened at C$231.43 on Friday. The stock’s 50 day moving average price is C$231.21 and its 200-day moving average price is C$228.35. Thomson Reuters has a 52-week low of C$181.81 and a 52-week high of C$242.92. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The stock has a market capitalization of C$104.08 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.73 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.26%. Thomson Reuters’s dividend payout ratio is presently 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.