Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$190.14.

A number of research analysts have weighed in on the company. TD Securities raised their price target on Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bankshares upped their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th.

Thomson Reuters Stock Performance

Shares of TRI opened at C$233.36 on Wednesday. The firm’s 50 day moving average price is C$227.96 and its two-hundred day moving average price is C$225.16. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. Thomson Reuters has a twelve month low of C$163.01 and a twelve month high of C$242.92. The firm has a market cap of C$104.94 billion, a P/E ratio of 33.48, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.06. The company had revenue of C$2.38 billion during the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. On average, analysts forecast that Thomson Reuters will post 5.7792339 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is currently 42.04%.

Insider Activity

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In other Thomson Reuters news, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total value of C$1,247,459.18. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In the last three months, insiders sold 12,110 shares of company stock worth $2,817,727. 69.79% of the stock is currently owned by company insiders.

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.