Thomson Reuters (TSE:TRI) Price Target Increased to C$235.00 by Analysts at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by TD Securities from C$230.00 to C$235.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, National Bankshares raised their price target on shares of Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Thomson Reuters currently has an average rating of Hold and a consensus target price of C$183.89.

Thomson Reuters Stock Performance

TSE:TRI opened at C$228.28 on Thursday. The company’s 50-day moving average price is C$225.56 and its 200-day moving average price is C$211.06. The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 37.11. The company has a market cap of C$102.85 billion, a P/E ratio of 32.56, a P/E/G ratio of 3.64 and a beta of 0.38. Thomson Reuters has a twelve month low of C$163.01 and a twelve month high of C$242.92.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.23. The firm had revenue of C$2.54 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. On average, sell-side analysts forecast that Thomson Reuters will post 5.0831533 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.73 per share. The ex-dividend date was Wednesday, May 15th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. This represents a $2.92 dividend on an annualized basis and a yield of 1.28%. Thomson Reuters’s payout ratio is 41.94%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. Also, Director Ryan Kessler sold 372 shares of Thomson Reuters 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 sale, the director now owns 196 shares of the company’s stock, valued at C$33,606.16. Insiders have sold 1,117 shares of company stock valued at $186,397 over the last ninety days. Company insiders own 69.64% of the company’s stock.

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.