Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Purchases 78 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson acquired 78 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of C$235.93 per share, with a total value of C$18,402.76.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$230.96 on Friday. The company has a market capitalization of C$103.87 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. Thomson Reuters Co. has a 12 month low of C$163.01 and a 12 month high of C$242.92. The stock’s 50 day moving average is C$225.89 and its 200-day moving average is C$223.15.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, beating analysts’ consensus estimates of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Equities research analysts expect that Thomson Reuters Co. will post 5.8291688 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters’s dividend payout ratio is 42.61%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRI. Scotiabank upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bankshares raised their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. TD Securities lifted their target price on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. Finally, National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and an average price target of C$190.14.

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.