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

Key Points

• Thomson Reuters Co. has received an average rating of "Buy" from nine brokerages, with a target price of C$265.80.
• Recent upgrades include analysts from National Bankraising their target from C$286.00 to C$300.00 and Scotiabank increasing their rating from "hold" to "strong-buy".
• The company announced a quarterly dividend of $0.595, equating to an annual yield of 1.0%, with a payout ratio of 62.71%.

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have been assigned a consensus rating of "Buy" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$265.80.

TRI has been the topic of several recent research reports. Wells Fargo & Company raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Scotiabank raised shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. TD Securities raised shares of Thomson Reuters from a "hold" rating to a "buy" rating and increased their price target for the stock from C$275.00 to C$285.00 in a report on Thursday, August 28th. National Bankshares raised their price objective on shares of Thomson Reuters from C$286.00 to C$300.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets boosted their target price on Thomson Reuters from C$280.00 to C$308.00 in a research report on Wednesday, July 16th.

Thomson Reuters Stock Performance

Shares of TRI stock traded up C$3.65 during midday trading on Friday, hitting C$239.95. The company had a trading volume of 387,172 shares, compared to its average volume of 369,248. The stock has a market cap of C$108.14 billion, a price-to-earnings ratio of 66.28, a PEG ratio of 3.64 and a beta of 0.48. 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 company's 50 day simple moving average is C$259.04 and its 200 day simple moving average is C$257.53. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 1.0%. Thomson Reuters's payout ratio is 62.71%.

Insider Buying and Selling

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 8,621 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$269.21, for a total transaction of C$2,320,816.31. Company insiders own 69.76% of the company's stock.

About Thomson Reuters

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.