Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$197.50

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$197.50.

Several brokerages have issued reports on TRI. TD Securities raised their price objective on Thomson Reuters from C$235.00 to C$250.00 in a report on Wednesday, November 6th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price objective on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th.

Insider Transactions at Thomson Reuters

In related news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. Insiders own 69.76% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI opened at C$234.17 on Friday. The firm has a fifty day moving average price of C$231.76 and a 200 day moving average price of C$229.52. The stock has a market cap of C$105.31 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 1-year low of C$199.00 and a 1-year high of C$243.42. 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) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.01. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter last year, the business earned $1.10 EPS. As a group, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.73 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.25%. Thomson Reuters’s dividend payout ratio is 41.33%.

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.