Thomson Reuters (TSE:TRI) Downgraded by National Bankshares to Sector Perform

National Bankshares cut shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from an outperform rating to a sector perform rating in a report released on Tuesday, BayStreet.CA reports. They currently have C$217.00 price objective on the stock, up from their previous price objective of C$210.00.

TRI has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price objective on Thomson Reuters from C$147.00 to C$149.00 and gave the company a hold rating in a research note on Friday, February 9th. TD Securities lifted their target price on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a hold rating in a report on Wednesday, March 13th. BMO Capital Markets lifted their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an outperform rating in a report on Friday, February 9th. National Bank Financial lowered Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada lifted their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a sector perform rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$182.56.

Thomson Reuters Stock Up 0.2 %

Shares of TSE:TRI opened at C$209.92 on Tuesday. The stock has a fifty day simple moving average of C$211.58 and a two-hundred day simple moving average of C$196.54. The stock has a market capitalization of C$94.75 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12-month low of C$159.25 and a 12-month high of C$217.83. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. On average, research analysts anticipate that Thomson Reuters will post 4.9537409 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s payout ratio is currently 37.36%.

Insider Buying and Selling

In related news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by corporate insiders.

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.