Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$190.14

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$190.14.

Several brokerages have recently weighed in on TRI. National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. National Bankshares lifted their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Thomson Reuters Stock Up 0.1 %

Thomson Reuters stock opened at C$232.76 on Wednesday. Thomson Reuters has a one year low of C$163.01 and a one year high of C$242.92. The stock has a fifty day moving average of C$228.82 and a 200 day moving average of C$225.70. 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 cap of C$104.67 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion during the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. As a group, sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Director Caroline Rogge sold 339 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. In other Thomson Reuters news, Director Caroline Rogge sold 339 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders sold a total of 12,110 shares of company stock valued at $2,817,727 in the last three months. 69.76% of the stock is currently owned by corporate insiders.

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.