Thomson Reuters Co. (TSE:TRI) Receives C$270.33 Consensus Price Target from Brokerages

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has received an average recommendation of "Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$270.33.

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

Insider Buying and Selling at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction dated Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction of C$568,432.59. 69.76% of the stock is currently owned by company insiders.

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Thomson Reuters Stock Up 0.8 %

TSE:TRI traded up C$1.96 during trading hours on Friday, hitting C$247.36. The stock had a trading volume of 191,638 shares, compared to its average volume of 358,270. Thomson Reuters has a 1-year low of C$204.57 and a 1-year high of C$260.45. 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 company has a market cap of C$78.14 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business has a 50 day simple moving average of C$243.26 and a two-hundred day simple moving average of C$235.63.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its quarterly earnings results 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 net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the prior year, the company earned $0.98 earnings per share. Analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.96%. 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.