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

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been assigned an average rating of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three 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. The average 12 month price objective among analysts that have covered the stock in the last year is C$266.50.

TRI has been the topic of a number of research analyst reports. National Bankshares boosted their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Bank of America set a C$255.00 price target on Thomson Reuters and gave the stock a "neutral" rating in a research note on Thursday. TD Securities raised their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the company a "hold" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets boosted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th.

Insider Activity

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction of C$568,432.59. Also, Director Kerry Hendrikx sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65. Company insiders own 69.76% of the company's stock.

Thomson Reuters Stock Performance

TSE TRI traded up C$6.11 on Wednesday, hitting C$239.93. 315,039 shares of the company's stock were exchanged, compared to its average volume of 361,400. The firm has a market cap of C$75.80 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of 3.64 and a beta of 0.40. The firm's 50-day moving average price is C$247.25 and its two-hundred day moving average price is C$237.52. Thomson Reuters has a fifty-two week low of C$205.67 and a fifty-two week high of C$260.45. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping analysts' consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same quarter last year, the firm earned $0.98 EPS. On average, research analysts expect 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 Monday, March 10th. Shareholders of record on Thursday, February 20th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.99%. Thomson Reuters's payout ratio is 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.