Thomson Reuters Co. (TSE:TRI) Director Purchases C$13,375.67 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson acquired 77 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of C$173.71 per share, for a total transaction of C$13,375.67.

Peter J. Thomson also recently made the following trade(s):

• On Monday, March 10th, Peter J. Thomson bought 77 shares of Thomson Reuters stock. The stock was purchased at an average price of C$173.71 per share, with a total value of C$13,375.67.

Thomson Reuters Trading Down 1.5 %

Shares of TRI stock opened at C$250.04 on Thursday. Thomson Reuters Co. has a fifty-two week low of C$205.67 and a fifty-two week high of C$260.45. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The stock’s fifty day moving average is C$247.35 and its two-hundred day moving average is C$237.85. The firm has a market capitalization of C$78.99 billion, a P/E ratio of 37.65, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same period in the prior year, the company earned $0.98 EPS. Research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 0.95%. Thomson Reuters’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TRI shares. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. TD Securities upped their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. National Bankshares lifted 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 note on Friday, February 7th. Finally, Bank of America set a C$255.00 target price on shares of Thomson Reuters and gave the stock a “neutral” rating in a research note on Thursday, April 10th. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$266.50.

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.