Peter J. Thomson Acquires 77 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 77 shares of Thomson Reuters stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of C$173.71 per share, for a total transaction of C$13,375.67.

Thomson Reuters Stock Performance

TRI opened at C$244.85 on Thursday. 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 moving average is C$244.23 and its 200-day moving average is C$236.00. The stock has a market cap of C$77.35 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a twelve month low of C$204.57 and a twelve month high of C$260.45.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share 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 quarter in the prior year, the company posted $0.98 EPS. On average, analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.97%. Thomson Reuters’s payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research reports. National Bankshares increased their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock 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 boosted their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the company 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. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$270.33.

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.