Thomson Reuters Co. (TSE:TRI) Receives C$270.33 Average PT from Analysts

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

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

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$244.85 on Friday. The stock has a market cap of C$77.35 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52 week low of C$204.57 and a 52 week high of C$260.45. The company’s 50-day moving average price is C$244.23 and its 200 day moving average price is C$236.00. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data 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 net margin of 32.12% and a return on equity of 20.19%. During the same period in the previous year, the business posted $0.98 EPS. As a group, research analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 0.97%. Thomson Reuters’s payout ratio is currently 44.12%.

Insider Transactions at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction of C$568,432.59. Insiders own 69.76% of the company’s stock.

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.