Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$197.50

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$197.50.

Several analysts have commented on TRI shares. BMO Capital Markets lifted their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Finally, TD Securities increased their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is owned by company insiders.

Thomson Reuters Stock Performance

TSE:TRI opened at C$239.17 on Friday. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market cap of C$107.56 billion, a PE ratio of 33.73, a P/E/G ratio of 3.64 and a beta of 0.40. The firm has a 50 day simple moving average of C$231.93 and a 200-day simple moving average of C$229.55. Thomson Reuters has a 1-year low of C$199.00 and a 1-year high of C$243.42.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter last year, the firm posted $1.10 EPS. On average, equities analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.92 dividend on an annualized basis and a yield of 1.22%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio is currently 41.33%.

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.