TD Securities Forecasts Strong Price Appreciation for Thomson Reuters (TSE:TRI) Stock

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price hoisted by TD Securities from C$250.00 to C$260.00 in a report issued on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other analysts have also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$270.33.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at C$252.31 on Friday. The firm has a market capitalization of C$113.47 billion, a PE ratio of 35.59, a price-to-earnings-growth 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. The firm’s 50 day simple moving average is C$235.30 and its 200 day simple moving average is C$230.66. Thomson Reuters has a 1-year low of C$200.50 and a 1-year high of C$255.65.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period last year, the company earned $0.98 earnings per share. As a group, analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio (DPR) is presently 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.