Peter J. Thomson Acquires 77 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson acquired 77 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of C$173.71 per share, with a total value of C$13,375.67.

Thomson Reuters Trading Down 0.6 %

TSE TRI opened at C$244.85 on Thursday. The firm’s 50 day moving average price is C$244.23 and its two-hundred day moving average price is C$236.00. 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 Co. has a twelve month low of C$204.57 and a twelve month high of C$260.45. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period in the prior year, the company posted $0.98 earnings per share. Equities analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upped their price target on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. National Bankshares increased their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Securities lifted 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 report on Friday, February 7th. Finally, Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Buy” and an average price target of C$270.33.

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.