Peter J. Thomson Buys 78 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 78 shares of the stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of C$235.93 per share, for a total transaction of C$18,402.76.

Thomson Reuters Price Performance

Thomson Reuters Co. has a 12-month low of C$163.01 and a 12-month high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The company has a market cap of C$103.02 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock’s fifty day moving average price is C$225.84 and its two-hundred day moving average price is C$223.09.

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, topping analysts’ consensus estimates of C$1.10 by C$0.06. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. The business had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. Research analysts expect that Thomson Reuters Co. will post 5.8291688 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of ∞. Thomson Reuters’s dividend payout ratio is presently 42.61%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. National Bankshares lifted their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. TD Securities increased their price objective on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research report on Thursday, June 20th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$190.14.

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.