Thomson Reuters (TSE:TRI) Sets New 12-Month High - Here's What Happened

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$257.42 and last traded at C$256.45, with a volume of 187322 shares trading hands. The stock had previously closed at C$251.81.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. National Bankshares lifted their target price on 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. TD Securities lifted their target price 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. Wells Fargo & Company upgraded Thomson Reuters to a "hold" rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets lifted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$270.33.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The firm has a market cap of C$81.70 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 3.64 and a beta of 0.40. The firm has a fifty day simple moving average of C$239.70 and a two-hundred day simple moving average of C$233.71.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the firm earned $0.98 earnings per share. On average, analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.92%. Thomson Reuters's dividend payout ratio is presently 44.12%.

Insiders Place Their Bets

In related news, Senior Officer David Franklin Wong sold 2,256 shares of Thomson Reuters stock in a transaction dated Friday, February 14th. The stock was 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.