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

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Six 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 12-month price target among analysts that have updated their coverage on the stock in the last year is C$197.50.

TRI has been the topic of several recent analyst reports. TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. National Bank Financial raised 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, November 6th. Finally, Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th.

Thomson Reuters Price Performance

Shares of TRI opened at C$237.10 on Thursday. Thomson Reuters has a 12-month low of C$185.73 and a 12-month high of C$242.92. The business’s fifty day moving average is C$230.32 and its 200 day moving average is C$229.24. 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 cap of C$106.63 billion, a P/E ratio of 33.44, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s payout ratio is presently 41.33%.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer Kirsty Roth sold 5,310 shares of Thomson Reuters stock in a transaction dated 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. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders sold 14,128 shares of company stock valued at $3,155,777 in the last quarter. 69.76% of the stock is currently owned by corporate insiders.

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.