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

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$270.33.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. TD Securities raised their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday, February 7th. BMO Capital Markets raised their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, National Bankshares raised their price target on Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters 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. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Trading Up 0.1 %

Shares of TRI opened at C$243.72 on Friday. Thomson Reuters has a 1 year low of C$204.57 and a 1 year 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 stock has a 50 day simple moving average of C$244.93 and a 200-day simple moving average of C$236.22. The stock has a market cap of C$76.99 billion, a PE ratio of 36.70, a PEG ratio of 3.64 and a beta of 0.40.

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 analysts’ consensus estimates 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 previous year, the firm posted $0.98 earnings per share. On average, sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.98%. Thomson Reuters’s payout ratio is 44.12%.

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.