Thomson Reuters Co. (TSE:TRI) Receives C$190.14 Consensus PT from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$190.14.

A number of research analysts have weighed in on TRI shares. TD Securities increased their target price on Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a report on Thursday, June 20th. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, National Bankshares lifted their price target on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$232.70 on Friday. The company has a 50 day moving average of C$226.27 and a 200 day moving average of C$223.60. 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 twelve month low of C$163.01 and a twelve month high of C$242.92. The firm has a market cap of C$104.65 billion, a P/E ratio of 33.17, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating the consensus estimate of C$1.10 by C$0.06. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. The company had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. As a group, research analysts expect that Thomson Reuters will post 5.753 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is currently 41.86%.

Insider Buying and Selling at Thomson Reuters

In related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. In other Thomson Reuters news, Director Caroline Rogge sold 339 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. Also, Senior Officer Mary Alice Vuicic sold 6,062 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$235.62, for a total value of C$1,428,328.44. Insiders have sold a total of 12,110 shares of company stock valued at $2,817,727 over the last ninety days. 69.79% of the stock is currently owned by company 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.