Analysts Set Thomson Reuters Co. (TSE:TRI) Target Price at C$190.14

Thomson Reuters Co. (TSE:TRI) (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.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 399 shares of the stock in a transaction that occurred on 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 related news, Senior Officer Mary Alice Vuicic sold 6,062 shares of Thomson Reuters stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$235.62, for a total value of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 399 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. Insiders have sold a total of 12,110 shares of company stock worth $2,817,727 in the last quarter. Corporate insiders own 69.76% of the company’s stock.

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) (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.