Brokerages Set Thomson Reuters Co. (TSE:TRI) Price Target at C$197.50

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$197.50.

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

Insider Activity

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 value of C$400,206.86. 69.76% of the stock is owned by company insiders.

Thomson Reuters Stock Up 1.6 %

TRI stock opened at C$244.65 on Friday. Thomson Reuters has a fifty-two week low of C$199.00 and a fifty-two week high of C$245.76. The stock has a market capitalization of C$110.02 billion, a P/E ratio of 34.51, a P/E/G ratio of 3.64 and a beta of 0.40. 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 business has a 50-day moving average of C$232.52 and a 200-day moving average of C$229.69.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, November 5th. The company reported C$1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $1.10 EPS. On average, sell-side analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a $0.73 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.92 annualized dividend and a dividend yield of 1.19%. Thomson Reuters’s dividend payout ratio is presently 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.