Thomson Reuters Co. (TSE:TRI) Receives Consensus Rating of “Buy” from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$270.33.

TRI has been the subject of a number of recent research reports. National Bankshares lifted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BMO Capital Markets lifted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. TD Securities raised their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th.

Insider Buying and Selling

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Trading Up 0.8 %

Shares of Thomson Reuters stock opened at C$247.36 on Friday. The firm has a market capitalization of C$78.14 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters has a fifty-two week low of C$204.57 and a fifty-two week high of C$260.45. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock has a 50 day moving average of C$243.26 and a 200 day moving average of C$235.56.

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 for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period last year, the business earned $0.98 earnings per share. As a group, research analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.96%. Thomson Reuters’s dividend payout ratio (DPR) is currently 44.12%.

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.