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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$197.50.

Several analysts have recently commented on the stock. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. BMO Capital Markets lifted their price objective on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday. National Bankshares boosted 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 report on Friday, August 2nd. Finally, TD Securities raised their price target on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer Kirsty Roth sold 5,310 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. In related news, Director Caroline Rogge sold 339 shares of Thomson Reuters stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$235.35, for a total transaction of C$79,782.97. Also, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. Insiders sold 14,128 shares of company stock valued at $3,155,777 in the last ninety days. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$234.03 on Friday. The stock’s 50-day moving average price is C$230.84 and its 200 day moving average price is C$227.77. 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 stock has a market capitalization of C$105.25 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52-week low of C$177.83 and a 52-week high of C$242.92.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.73 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.25%. Thomson Reuters’s payout ratio is 41.33%.

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.