Thomson Reuters (TSE:TRI) Price Target Raised to C$265.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by BMO Capital Markets from C$260.00 to C$265.00 in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

TRI has been the subject of several other research reports. National Bankshares raised their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, TD Securities lifted their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$270.33.

Thomson Reuters Stock Performance

TSE:TRI opened at C$252.31 on Friday. Thomson Reuters has a 1-year low of C$200.50 and a 1-year high of C$255.65. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The stock has a market cap of C$113.47 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock’s 50-day moving average is C$235.30 and its 200-day moving average is C$230.66.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period last year, the firm posted $0.98 EPS. Equities research analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio (DPR) is currently 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.