National Bankshares Raises Thomson Reuters (TSE:TRI) Price Target to C$286.00

Thomson Reuters (TSE:TRI - Free Report) NYSE: TRI had its price target boosted by National Bankshares from C$260.00 to C$286.00 in a research report released on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research firms have also commented on TRI. BMO Capital Markets upped their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. Finally, TD Securities upped their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$270.33.

Thomson Reuters Price Performance

Shares of TSE:TRI traded down C$0.72 during trading hours on Friday, hitting C$255.35. 144,949 shares of the company's stock traded hands, compared to its average volume of 300,087. Thomson Reuters has a 52 week low of C$204.21 and a 52 week high of C$256.51. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The company's fifty day simple moving average is C$235.86 and its two-hundred day simple moving average is C$230.94. The company has a market cap of C$114.83 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted 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 33.65% and a return on equity of 20.41%. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, equities analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.93%. Thomson Reuters's dividend payout ratio (DPR) is 41.33%.

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.