Thomson Reuters (TSE:TRI) Upgraded by Scotiabank to Strong-Buy

Scotiabank upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from a hold rating to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

Several other equities analysts have also issued reports on TRI. National Bankshares raised their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a sector perform rating in a research report on Friday, August 2nd. TD Securities raised their target price on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the stock a hold rating in a report on Thursday, June 20th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$189.63.

Thomson Reuters Price Performance

TRI stock opened at C$230.82 on Tuesday. The firm has a market cap of C$103.80 billion, a P/E ratio of 33.31, a P/E/G ratio of 3.64 and a beta of 0.40. The firm’s fifty day moving average is C$225.57 and its 200 day moving average is C$221.36. Thomson Reuters has a 52 week low of C$163.01 and a 52 week high of C$242.92. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Research analysts predict that Thomson Reuters will post 5.1893785 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio (DPR) is presently 42.86%.

Insider Activity at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 399 shares of Thomson Reuters stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total transaction of C$62,156.22. In other news, Senior Officer David Franklin Wong sold 399 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. Also, Director Karen L. Hirsh sold 726 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$166.50, for a total value of C$120,879.00. Insiders sold a total of 1,497 shares of company stock worth $246,818 over the last quarter. 69.78% of the stock is owned by corporate insiders.

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.