Thomson Reuters (TSE:TRI) PT Raised to C$230.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price upped by TD Securities from C$225.00 to C$230.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages also recently weighed in on TRI. CIBC upped their price target on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a report on Friday, February 9th. Canaccord Genuity Group lifted their price target on shares of 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. BMO Capital Markets lifted their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an outperform rating in a report on Friday, February 9th. Royal Bank of Canada upped their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the company a sector perform rating in a report on Friday, February 9th. Finally, National Bankshares lifted their price target on Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of C$183.33.

Thomson Reuters Trading Up 1.4 %

Thomson Reuters stock opened at C$228.41 on Friday. Thomson Reuters has a 12-month low of C$160.72 and a 12-month high of C$229.89. The stock has a market capitalization of C$103.00 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The firm has a 50 day simple moving average of C$211.68 and a 200-day simple moving average of C$199.25. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. As a group, equities research analysts expect that Thomson Reuters will post 5.047491 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.73 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.28%. Thomson Reuters’s dividend payout ratio is currently 41.69%.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the business’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 other news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was 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 insiders.

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.