Thomson Reuters Co. (TSE:TRI) Given Average Rating of “Hold” by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been assigned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$182.56.

Several equities research analysts have commented on TRI shares. Royal Bank of Canada upped their price objective on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. TD Securities increased their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group raised their target price on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets raised their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th.

Insider Buying and Selling at Thomson Reuters

In other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. In related news, Director Linda Walker sold 4,750 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is owned by company insiders.

Thomson Reuters Stock Performance

TRI stock opened at C$211.07 on Wednesday. The company has a market capitalization of C$95.27 billion, a P/E ratio of 27.09, a PEG ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52. The business has a 50-day moving average price of C$211.29 and a 200 day moving average price of C$197.32. Thomson Reuters has a 1-year low of C$159.25 and a 1-year high of C$217.83.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. As a group, equities research analysts forecast that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.02%. Thomson Reuters’s payout ratio is currently 37.36%.

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.