Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Thomson Reuters Co. has a consensus rating of “Moderate Buy” from eight brokerages, with an average price target of C$263.80.
• Recent insider activity included significant stock sales, with Director Michael Parker reducing his stake by 32.50% and Senior Officer Mary Alice Vuicic selling 8,621 shares for over C$2.3 million.
• The company announced a quarterly dividend of $0.595 per share, reflecting an annualized yield of 1.0% and a payout ratio of 44.12%.

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$263.80.

A number of brokerages have recently issued reports on TRI. National Bankshares increased their price target on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. BMO Capital Markets increased their price target on shares of Thomson Reuters from C$280.00 to C$308.00 in a report on Wednesday, July 16th. TD Securities cut their price target on shares of Thomson Reuters from C$305.00 to C$275.00 and set a "hold" rating for the company in a report on Thursday, August 7th. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group increased their price target on shares of Thomson Reuters from C$175.00 to C$181.00 and gave the company a "hold" rating in a report on Friday, May 2nd.

Insider Activity

In other news, Director Michael Parker sold 286 shares of Thomson Reuters stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$257.96, for a total transaction of C$73,777.70. Following the completion of the sale, the director directly owned 594 shares in the company, valued at C$153,230.62. The trade was a 32.50% decrease in their ownership of the stock. Also, Senior Officer Mary Alice Vuicic sold 8,621 shares of Thomson Reuters stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. In the last ninety days, insiders have sold 12,762 shares of company stock valued at $3,411,858. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Stock Performance

Shares of TRI opened at C$241.00 on Tuesday. The company has a 50-day simple moving average of C$271.33 and a 200-day simple moving average of C$258.59. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company has a market capitalization of C$76.14 billion, a PE ratio of 36.29, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52-week low of C$217.85 and a 52-week high of C$299.24.

Thomson Reuters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.0%. Thomson Reuters's dividend payout ratio (DPR) is presently 44.12%.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE.

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