Thomson Reuters Co. (TSE:TRI) Given Average Rating of “Hold” by Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$183.33.

Several research firms recently commented on TRI. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. CIBC raised their target price 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. BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Finally, TD Securities boosted their target price on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. In other news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. Also, 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. Over the last quarter, insiders sold 5,495 shares of company stock worth $867,177. 69.64% of the stock is owned by insiders.

Thomson Reuters Trading Up 1.3 %

TSE TRI opened at C$240.37 on Friday. The company has a debt-to-equity ratio of 37.11, a quick ratio of 0.52 and a current ratio of 0.97. The firm has a market cap of C$108.29 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.64 and a beta of 0.38. The firm has a 50 day simple moving average of C$217.11 and a 200-day simple moving average of C$205.19. Thomson Reuters has a one year low of C$163.01 and a one year high of C$240.50.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$1.50 EPS for the quarter, beating the consensus estimate of C$1.27 by C$0.23. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. The company had revenue of C$2.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Equities research analysts anticipate that Thomson Reuters will post 5.120352 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.73 per share. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.92 annualized dividend and a yield of 1.21%. Thomson Reuters’s payout ratio is 41.82%.

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.