Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of "Moderate Buy" by Brokerages

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$190.14.

TRI has been the topic of several analyst reports. Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 27th. National Bankshares upped their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. National Bank Financial upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Sunday, September 8th. Finally, TD Securities boosted their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the company a "hold" rating in a research report on Thursday, June 20th.

Insider Buying and Selling

In related news, Senior Officer David Franklin Wong sold 399 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. In other Thomson Reuters news, Director Caroline Rogge sold 339 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$235.35, for a total value of C$79,782.97. Also, Senior Officer David Franklin Wong sold 399 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total transaction of C$62,156.22. Insiders have sold a total of 12,110 shares of company stock worth $2,817,727 in the last ninety days. 69.76% of the stock is owned by insiders.

Thomson Reuters Stock Down 1.0 %

TRI traded down C$2.32 on Wednesday, hitting C$231.04. The company had a trading volume of 296,991 shares, compared to its average volume of 316,104. Thomson Reuters has a 52-week low of C$163.01 and a 52-week high of C$242.92. The firm has a market capitalization of C$103.90 billion, a P/E ratio of 32.60, a P/E/G ratio of 3.64 and a beta of 0.40. The stock has a fifty day simple moving average of C$227.96 and a 200-day simple moving average of C$225.16. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.06. The business had revenue of C$2.38 billion during the quarter, compared to the consensus estimate of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. As a group, equities analysts expect that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 15th. Thomson Reuters's payout ratio is presently 41.33%.

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.