Thomson Reuters Co. (TSE:TRI) Stock Has Consensus Target Price of C$168.00 According to Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$168.00.

Several analysts have commented on the stock. National Bank Financial boosted their target price on shares of Thomson Reuters from C$180.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD set a C$200.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Tuesday, October 20th.

Insider Activity

In other Thomson Reuters news, insider Elizabeth Florence Zimick sold 1,950 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares of the company’s stock, valued at C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. Also, insider The Woodbridge Company Limited sold 120,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the sale, the insider owned 306,223,126 shares of the company’s stock, valued at approximately C$45,379,205,041.94. This trade represents a 0.04% decrease in their position. Over the last 90 days, insiders have sold 266,950 shares of company stock worth $39,175,440. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Down 3.9%

TRI opened at C$158.85 on Thursday. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$199.16. The business has a 50-day moving average of C$148.72 and a 200-day moving average of C$134.07. The company has a debt-to-equity ratio of 33.96, a current ratio of 1.08 and a quick ratio of 0.52. The company has a market capitalization of C$68.85 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 3.64 and a beta of 0.15.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported C$1.15 EPS for the quarter. Thomson Reuters had a return on equity of 13.75% and a net margin of 20.01%. The business had revenue of C$2.61 billion during the quarter. Equities research analysts forecast that Thomson Reuters will post 5.64 EPS for the current fiscal year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.6550 per share. This represents a $2.62 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, November 18th. Thomson Reuters’s dividend payout ratio is presently 72.02%.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.