Thomson Reuters (TSE:TRI) Price Target Raised to C$230.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective boosted by TD Securities from C$225.00 to C$230.00 in a report issued on Friday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

TRI has been the topic of several other reports. CIBC upped their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a research report on Friday, February 9th. Canaccord Genuity Group raised their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a research report on Friday, February 9th. BMO Capital Markets raised their target price on shares of 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 raised their price target 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$183.33.

Thomson Reuters Trading Up 1.2 %

TSE TRI opened at C$225.32 on Friday. The company has a market capitalization of C$101.60 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$227.28. The company’s fifty day moving average price is C$211.41 and its two-hundred day moving average price is C$198.82.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. As a group, research analysts predict that Thomson Reuters will post 5.047491 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.73 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, May 15th. This represents a $2.92 annualized dividend and a dividend yield of 1.30%. Thomson Reuters’s dividend payout ratio is presently 41.69%.

Insider Activity at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In other news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value 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 stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Company insiders own 69.49% of the company’s stock.

About Thomson Reuters

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.