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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$270.33.

Several research firms have recently commented on TRI. TD Securities raised their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. BMO Capital Markets raised their target price on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, National Bankshares lifted their price target on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research report on Friday, February 7th.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at C$250.58 on Tuesday. The firm has a market cap of C$79.16 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 12-month low of C$204.57 and a 12-month high of C$256.51. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company’s fifty day simple moving average is C$237.82 and its two-hundred day simple moving average is C$232.44.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results 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 net margin of 32.12% and a return on equity of 20.19%. During the same period last year, the firm posted $0.98 EPS. As a group, equities analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 0.95%. Thomson Reuters’s dividend payout ratio (DPR) is currently 44.12%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction dated Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. 69.76% of the stock is currently owned by corporate insiders.

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.