Thomson Reuters Co. (TSE:TRI) Receives C$270.33 Average Target Price from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average recommendation of “Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$270.33.

TRI has been the topic of several recent research reports. BMO Capital Markets lifted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. TD Securities lifted their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. National Bankshares lifted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Trading Up 0.4 %

Shares of TRI opened at C$248.34 on Friday. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters has a 52-week low of C$204.57 and a 52-week high of C$260.45. The firm has a market cap of C$78.45 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 3.64 and a beta of 0.40. The business’s fifty day moving average is C$243.61 and its 200-day moving average is C$235.86.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share 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 quarter in the prior year, the business posted $0.98 EPS. Equities analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.96%. Thomson Reuters’s dividend payout ratio is currently 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.