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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$183.89.

TRI has been the topic of several research analyst reports. TD Securities lifted their target price on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research report on Thursday, June 20th. National Bankshares lifted their price objective on Thomson Reuters from C$217.00 to C$219.00 in a report on Friday, May 3rd.

Thomson Reuters Stock Performance

TSE TRI opened at C$225.23 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 37.11. Thomson Reuters has a twelve month low of C$163.01 and a twelve month high of C$242.92. The stock has a 50-day moving average of C$231.33 and a 200 day moving average of C$215.33. The stock has a market capitalization of C$101.47 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.27 by C$0.23. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. The firm had revenue of C$2.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Sell-side analysts anticipate that Thomson Reuters will post 5.0831533 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, May 15th. Thomson Reuters’s dividend payout ratio (DPR) is 41.94%.

Insider Activity

In related news, Director Ryan Kessler sold 372 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the transaction, the director now owns 196 shares in the company, valued at C$33,606.16. In related news, Director Ryan Kessler sold 372 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the completion of the sale, the director now directly owns 196 shares in the company, valued at C$33,606.16. Also, Director Karen L. Hirsh sold 726 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total transaction of C$120,879.00. Insiders sold 1,843 shares of company stock worth $307,276 over the last ninety days. Corporate insiders own 69.64% 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.