Thomson Reuters Co. (TSE:TRI) Given Average Rating of "Moderate Buy" by Analysts

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has received an average rating of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$197.50.

Several research analysts recently commented on TRI shares. BMO Capital Markets raised their target price on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. TD Securities raised their target price on Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th.

Thomson Reuters Stock Performance

Shares of TRI traded down C$2.27 during mid-day trading on Friday, hitting C$234.57. The company's stock had a trading volume of 89,771 shares, compared to its average volume of 235,311. Thomson Reuters has a one year low of C$199.00 and a one year high of C$243.42. 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 firm has a market capitalization of C$105.49 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock's 50-day moving average is C$231.70 and its two-hundred day moving average is C$229.50.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, beating the consensus estimate of C$1.08 by C$0.01. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Thomson Reuters's previous quarterly dividend of $0.20. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.24%. Thomson Reuters's dividend payout ratio (DPR) is 41.33%.

Insider Activity

In related news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction that occurred on 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 currently 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.