Thomson Reuters (TSE:TRI) Sets New 12-Month High – Should You Buy?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$257.42 and last traded at C$256.45, with a volume of 187322 shares trading hands. The stock had previously closed at C$251.81.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRI shares. National Bankshares upped their price target on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. TD Securities increased their target price 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. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets upped their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$270.33.

Thomson Reuters Trading Up 2.1 %

The company’s 50 day simple moving average is C$238.09 and its two-hundred day simple moving average is C$232.76. The stock has a market cap of C$81.22 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data 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 20.19% and a net margin of 32.12%. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.93%. Thomson Reuters’s dividend payout ratio (DPR) is presently 44.12%.

Insider Activity at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,256 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total transaction of C$568,432.59. 69.76% of the stock is currently owned by company insiders.

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.