Thomson Reuters (TSE:TRI) Hits New 1-Year High - Should You Buy?

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI's share price reached a new 52-week high on Monday . The stock traded as high as C$260.45 and last traded at C$259.13, with a volume of 102941 shares. The stock had previously closed at C$258.63.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRI. National Bankshares raised their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. BMO Capital Markets raised their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. TD Securities boosted their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised Thomson Reuters to a "hold" rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Thomson Reuters presently has an average rating of "Buy" and an average target price of C$270.33.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The company has a fifty day moving average of C$241.28 and a two-hundred day moving average of C$234.55. The firm has a market capitalization of C$80.42 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 3.64 and a beta of 0.40.

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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 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.98 EPS. As a group, equities research analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business 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 0.93%. Thomson Reuters's dividend payout ratio is currently 44.12%.

Insiders Place Their Bets

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the 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. Corporate insiders own 69.76% of the company's stock.

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.