Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$231.43 and traded as high as C$255.11. Thomson Reuters shares last traded at C$246.24, with a volume of 325,436 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TRI. BMO Capital Markets increased their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. TD Securities lifted their price objective on shares of 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. National Bankshares raised their price target 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. Finally, Wells Fargo & Company raised shares of Thomson Reuters to a "hold" rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Thomson Reuters currently has an average rating of "Buy" and an average price target of C$270.33.
View Our Latest Stock Analysis on TRI
Thomson Reuters Stock Down 0.5 %
The stock has a 50 day moving average price of C$237.16 and a 200 day moving average price of C$231.81. The company has a market capitalization of C$77.39 billion, a P/E ratio of 36.89, a PEG ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.
Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business earned $0.98 earnings per share. Equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.
Thomson Reuters Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.97%. Thomson Reuters's payout ratio is currently 44.12%.
About Thomson Reuters
(
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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.
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