Thomson Reuters Co. (TSE:TRI) Receives Average Rating of “Buy” from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned a consensus rating of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$270.33.

A number of brokerages have recently issued reports on TRI. National Bankshares boosted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. BMO Capital Markets boosted their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Finally, TD Securities upped their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research report on Friday, February 7th.

Thomson Reuters Stock Up 0.1 %

Shares of Thomson Reuters stock opened at C$243.72 on Friday. The stock’s fifty day moving average is C$244.93 and its 200-day moving average is C$236.22. The firm has a market capitalization of C$76.99 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters has a 12-month low of C$204.57 and a 12-month high of C$260.45.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $0.98 EPS. Equities analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 0.98%. Thomson Reuters’s payout ratio is currently 44.12%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59. Insiders own 69.76% of the company’s stock.

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.