Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$190.14

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$190.14.

TRI has been the topic of several analyst reports. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Sunday, September 8th. National Bankshares boosted their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Finally, Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Insider Activity

In other news, Senior Officer David Franklin Wong sold 399 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total transaction of C$62,156.22. In other news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 399 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total value of C$62,156.22. Insiders have sold 12,110 shares of company stock valued at $2,817,727 in the last 90 days. Insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Down 0.7 %

Shares of TSE:TRI opened at C$230.44 on Wednesday. The stock has a market cap of C$103.63 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. Thomson Reuters has a 12-month low of C$163.01 and a 12-month high of C$242.92. The business’s 50 day moving average is C$229.23 and its 200 day moving average is C$225.88.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, August 1st. The company reported C$1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.10 by C$0.06. The company had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. On average, sell-side analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio is presently 41.33%.

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.