Thomson Reuters Co. (TSE:TRI) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$270.33.

A number of analysts have recently commented on TRI shares. BMO Capital Markets boosted their target price on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company raised shares of Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. TD Securities boosted their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Finally, National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

Insider Activity

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. Corporate insiders own 69.76% of the company's stock.

Thomson Reuters Stock Performance

TRI traded up C$0.26 on Tuesday, reaching C$250.58. The stock had a trading volume of 434,021 shares, compared to its average volume of 326,298. Thomson Reuters has a 12-month low of C$204.57 and a 12-month high of C$256.51. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The business's 50-day moving average price is C$237.60 and its two-hundred day moving average price is C$232.18. The company has a market cap of C$79.16 billion, a P/E ratio of 37.73, 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 released its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, beating analysts' consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.95%. Thomson Reuters's payout ratio is presently 44.12%.

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.