Thomson Reuters Co. (TSE:TRI) Director Buys C$13,375.67 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 77 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of C$173.71 per share, with a total value of C$13,375.67.

Thomson Reuters Stock Down 0.8 %

TRI stock opened at C$246.43 on Wednesday. Thomson Reuters Co. has a fifty-two week low of C$204.57 and a fifty-two week high of C$260.45. The business’s 50 day moving average price is C$243.93 and its two-hundred day moving average price is C$235.94. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The company has a market capitalization of C$77.85 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period in the prior year, the company posted $0.98 EPS. As a group, analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.97%. Thomson Reuters’s payout ratio is currently 44.12%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRI. TD Securities upped their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research report on Friday, February 7th. National Bankshares upped their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets upped their target price on Thomson Reuters from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has an average rating of “Buy” and a consensus price target of C$270.33.

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.