Thomson Reuters (TSE:TRI) Downgraded by National Bankshares

National Bankshares cut shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from an outperform rating to a sector perform rating in a research note released on Tuesday morning, BayStreet.CA reports. National Bankshares currently has C$217.00 price objective on the stock, up from their prior price objective of C$210.00.

TRI has been the topic of a number of other reports. CIBC lifted their price target on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a report on Friday, February 9th. Canaccord Genuity Group lifted their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a sector perform rating in a research note on Friday, February 9th. TD Securities lifted their price objective on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the stock a hold rating in a research note on Wednesday, March 13th. Finally, National Bank Financial cut shares of Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters presently has an average rating of Hold and a consensus price target of C$182.56.

Thomson Reuters Stock Up 1.3 %

Shares of TRI stock opened at C$211.07 on Tuesday. The company has a market capitalization of C$95.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.64 and a beta of 0.38. Thomson Reuters has a one year low of C$159.25 and a one year high of C$217.83. The company’s fifty day moving average price is C$211.29 and its 200-day moving average price is C$196.98. The company has a debt-to-equity ratio of 32.01, a current ratio of 0.90 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 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 net margin of 39.67% and a return on equity of 23.06%. Sell-side analysts expect that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.02%. Thomson Reuters’s dividend payout ratio (DPR) is 37.36%.

Insider Buying and Selling at Thomson Reuters

In other news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. In other news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. 69.49% of the stock is owned by corporate insiders.

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.