Thomson Reuters Co. (TSE:TRI) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Thomson Reuters Co. (TSE:TRI) has an average analyst recommendation of "Buy", with ten ratings firms participating in coverage.
• The company recently declared a quarterly dividend of $0.595 per share, resulting in an annualized dividend of $2.38 and a yield of 1.0%.
• Thomson Reuters has seen several upgrades; notable firms like Scotiabank, Goldman Sachs, and Wells Fargo upgraded the stock to "strong-buy" in recent months.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has received an average rating of "Buy" from the ten ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and five have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$265.80.

A number of research firms have issued reports on TRI. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Wells Fargo & Company upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Huber Research upgraded Thomson Reuters to a "strong-buy" rating in a research note on Monday, October 20th. Finally, Cibc World Mkts upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th.

Thomson Reuters Stock Performance

TSE:TRI opened at C$227.55 on Friday. Thomson Reuters has a 12-month low of C$209.23 and a 12-month high of C$299.24. 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 firm has a market capitalization of C$102.55 billion, a PE ratio of 62.86, a price-to-earnings-growth ratio of 3.64 and a beta of 0.33. The firm has a 50-day moving average price of C$229.39 and a 200 day moving average price of C$251.97.

Thomson Reuters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 19th were 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 62.71%.

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.

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