Thomson Reuters (TSE:TRI) Price Target Raised to C$286.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective increased by National Bankshares from C$260.00 to C$286.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on TRI. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. TD Securities upped their target price 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. Finally, BMO Capital Markets lifted their price target on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Buy” and a consensus price target of C$270.33.

Thomson Reuters Trading Down 0.4 %

Shares of TRI opened at C$252.31 on Friday. The firm’s fifty day moving average is C$235.30 and its two-hundred day moving average is C$230.66. The stock has a market cap of C$113.47 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 52-week low of C$200.50 and a 52-week high of C$255.65.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $0.98 earnings per share. Research analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.94%. 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.