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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$197.50.

Several brokerages have weighed in on TRI. BMO Capital Markets lifted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. TD Securities lifted their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,417 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is currently owned by corporate insiders.

Thomson Reuters Trading Up 0.2 %

TSE:TRI opened at C$236.84 on Friday. Thomson Reuters has a 52 week low of C$199.00 and a 52 week high of C$243.42. 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$106.51 billion, a PE ratio of 33.40, a P/E/G ratio of 3.64 and a beta of 0.40. The business’s 50 day moving average is C$231.68 and its two-hundred day moving average is C$229.46.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the prior year, the firm posted $1.10 earnings per share. On average, analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.33%.

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.