Thomson Reuters (TSE:TRI) Price Target Raised to C$190.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price raised by National Bank Financial from C$180.00 to C$190.00 in a report issued on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on TRI. Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a research report on Tuesday, October 20th. TD set a C$200.00 target price on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$168.00.

Thomson Reuters Stock Performance

TSE TRI traded down C$6.40 during trading hours on Wednesday, hitting C$158.85. The company’s stock had a trading volume of 763,902 shares, compared to its average volume of 788,761. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$199.16. The company’s 50 day simple moving average is C$148.72 and its two-hundred day simple moving average is C$134.07. The company has a market cap of C$68.85 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 3.64 and a beta of 0.15. The company has a debt-to-equity ratio of 33.96, a current ratio of 1.08 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, November 3rd. The company reported C$1.15 earnings per share (EPS) for the quarter. The business had revenue of C$2.61 billion for the quarter. Thomson Reuters had a net margin of 20.01% and a return on equity of 13.75%. As a group, sell-side analysts expect that Thomson Reuters will post 5.64 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, December 10th will be given a dividend of $0.6550 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.62 annualized dividend and a yield of 1.6%. Thomson Reuters’s payout ratio is 72.02%.

Insider Buying and Selling at Thomson Reuters

In other news, insider The Woodbridge Company Limited sold 120,000 shares of Thomson Reuters stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total transaction of C$17,782,800.00. Following the transaction, the insider directly owned 306,223,126 shares of the company’s stock, valued at C$45,379,205,041.94. The trade was a 0.04% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the transaction, the insider owned 2,210 shares of the company’s stock, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their ownership of the stock. Insiders have sold 266,950 shares of company stock worth $39,175,440 over the last quarter. 69.76% of the stock is owned by company insiders.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.