Thomson Reuters Co. (TSE:TRI) Receives C$270.33 Average Price Target from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$270.33.

Several research firms recently commented on TRI. National Bankshares upped their price objective 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. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. TD Securities increased their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets increased their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$248.34 on Friday. Thomson Reuters has a 12 month low of C$204.57 and a 12 month high of C$260.45. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The business’s 50 day simple moving average is C$243.61 and its 200 day simple moving average is C$235.86. The company has a market cap of C$78.45 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 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 period in the prior year, the business earned $0.98 EPS. Sell-side analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.96%. Thomson Reuters’s payout ratio is currently 44.12%.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,256 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. 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.