Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$190.14.
Several research analysts have recently issued reports on TRI shares. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bankshares increased their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Finally, National Bank Financial upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th.
View Our Latest Stock Analysis on Thomson Reuters
Insider Buying and Selling
Thomson Reuters Stock Performance
TSE:TRI opened at C$232.76 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm’s fifty day simple moving average is C$228.82 and its 200 day simple moving average is C$225.70. The stock has a market cap of C$104.67 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a twelve month low of C$163.01 and a twelve month high of C$242.92.
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last announced its earnings results on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.06. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. The firm had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. As a group, research analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.
Thomson Reuters Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.34%. Thomson Reuters’s payout ratio is presently 41.33%.
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.
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