Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$182.56

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$182.56.

A number of brokerages recently issued reports on TRI. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. CIBC boosted their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research note on Friday, February 9th. National Bankshares lowered shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$210.00 to C$217.00 in a research note on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th.

Insider Activity

In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In related news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total transaction of C$744,562.50. Corporate insiders own 69.49% of the company’s stock.

Thomson Reuters Stock Up 1.3 %

Shares of TSE:TRI opened at C$211.07 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01. The company has a fifty day simple moving average of C$211.29 and a 200 day simple moving average of C$196.98. The firm has a market cap of C$95.27 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12-month low of C$159.25 and a 12-month high of C$217.83.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. On average, equities research analysts anticipate that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio (DPR) is 37.36%.

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.