Thomson Reuters Co. (TSE:TRI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have received a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$197.50.

A number of research firms recently weighed in on TRI. BMO Capital Markets raised their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. TD Securities lifted their price target on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised shares of Thomson Reuters to a "hold" rating in a report on Tuesday, November 26th. Finally, National Bank Financial upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Sunday, September 8th.

Thomson Reuters Price Performance

TRI stock traded down C$2.31 during trading on Monday, hitting C$231.42. 177,088 shares of the stock traded hands, compared to its average volume of 310,050. The stock has a market cap of C$104.07 billion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a one year low of C$190.89 and a one year high of C$243.42. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The company has a 50 day simple moving average of C$232.60 and a 200 day simple moving average of C$229.55.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.73 per share. The ex-dividend date was Thursday, November 21st. This is an increase from Thomson Reuters's previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a yield of 1.26%. Thomson Reuters's dividend payout ratio is presently 41.33%.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,417 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is owned by corporate 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.