Thomson Reuters Co. (TSE:TRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$197.50.

A number of equities research analysts have commented on TRI shares. TD Securities increased their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets upped their price objective on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th.

Check Out Our Latest Research Report on Thomson Reuters

Insider Activity

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is currently owned by company insiders.

Thomson Reuters Stock Up 0.2 %

Shares of TSE TRI opened at C$236.84 on Friday. Thomson Reuters has a 52-week low of C$199.00 and a 52-week high of C$243.42. 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 business has a fifty day moving average of C$231.68 and a two-hundred day moving average of C$229.46. The stock has a market cap of C$106.51 billion, a PE ratio of 33.40, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRIGet Free Report) (NYSE:TRI) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$1.09 EPS for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same period last year, the firm earned $1.10 EPS. As a group, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.73 per share. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.23%. Thomson Reuters’s payout ratio is presently 41.33%.

About Thomson Reuters

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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.

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Analyst Recommendations for Thomson Reuters (TSE:TRI)

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