Thomson Reuters (TSE:TRI) Reaches New 52-Week High – Should You Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week high during trading on Thursday . The company traded as high as C$244.22 and last traded at C$243.76, with a volume of 15241 shares trading hands. The stock had previously closed at C$240.80.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Finally, TD Securities raised their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Trading Up 1.6 %

The business’s 50 day moving average is C$232.52 and its two-hundred day moving average is C$229.69. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$110.03 billion, a P/E ratio of 34.51, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the previous year, the company earned $1.10 EPS. Analysts expect that Thomson Reuters Co. 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. Shareholders of record on Thursday, November 21st were given a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a yield of 1.19%. Thomson Reuters’s payout ratio is 41.33%.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is owned by company insiders.

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.