National Bankshares Boosts Thomson Reuters (TSE:TRI) Price Target to C$219.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by National Bankshares from C$217.00 to C$219.00 in a report published on Friday, BayStreet.CA reports.

TRI has been the subject of a number of other reports. National Bank Financial downgraded shares of Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research note on Tuesday, February 20th. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research report on Friday, February 9th. TD Securities upped their target price on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a hold rating in a report on Wednesday, March 13th. Royal Bank of Canada boosted their price target on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a sector perform rating in a research report on Friday, February 9th. Finally, CIBC raised their price objective on Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of Hold and a consensus price target of C$183.33.

Thomson Reuters Trading Up 1.2 %

Shares of TSE TRI opened at C$225.32 on Friday. Thomson Reuters has a twelve month low of C$159.25 and a twelve month high of C$227.28. The stock has a market cap of C$101.60 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 3.64 and a beta of 0.38. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 36.91. The company’s fifty day moving average is C$211.41 and its 200-day moving average is C$198.82.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.25 by C$0.09. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. Equities research analysts predict that Thomson Reuters will post 5.047491 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.92 dividend on an annualized basis and a yield of 1.30%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is currently 41.69%.

Insider Buying and Selling at Thomson Reuters

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

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.