Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$252.40

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$252.40.

A number of research firms have weighed in on TRI. Canaccord Genuity Group boosted their target price on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. TD Securities boosted their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. Scotiabank lowered Thomson Reuters from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. National Bankshares upped their price target on Thomson Reuters from C$260.00 to C$286.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, BMO Capital Markets raised their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd.

Insider Activity at Thomson Reuters

In other news, Director Kerry Hendrikx sold 1,500 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. Insiders have sold a total of 20,221 shares of company stock worth $5,098,267 in the last 90 days. Corporate insiders own 69.76% of the company's stock.

Thomson Reuters Price Performance

Shares of TSE TRI traded up C$4.61 during mid-day trading on Friday, hitting C$260.92. 340,705 shares of the stock traded hands, compared to its average volume of 357,987. The company has a market cap of C$82.43 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a twelve month low of C$214.51 and a twelve month high of C$262.09. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. The firm has a 50 day simple moving average of C$247.99 and a two-hundred day simple moving average of C$240.24.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the business earned $0.98 EPS. As a group, equities research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.91%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.12%.

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.