Brokerages Set Thomson Reuters Co. (TSE:TRI) PT at C$270.33

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$270.33.

Several analysts have issued reports on the company. BMO Capital Markets boosted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. National Bankshares boosted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, TD Securities boosted their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th.

Insider Activity at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. 69.76% of the stock is currently owned by corporate insiders.

Thomson Reuters Stock Up 0.5 %

TRI stock opened at C$251.81 on Tuesday. The stock’s fifty day simple moving average is C$238.09 and its two-hundred day simple moving average is C$232.76. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 1-year low of C$204.57 and a 1-year high of C$256.51. The stock has a market cap of C$79.55 billion, a P/E ratio of 37.92, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period last year, the firm earned $0.98 EPS. Analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.95%. Thomson Reuters’s payout ratio is 44.12%.

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.