David Franklin Wong Sells 2,256 Shares of Thomson Reuters Co. (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Senior Officer David Franklin Wong sold 2,256 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of C$251.96, for a total value of C$568,432.59.

Thomson Reuters Trading Up 0.1 %

TSE:TRI opened at C$250.58 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. Thomson Reuters Co. has a 1-year low of C$204.57 and a 1-year high of C$256.51. The firm has a market capitalization of C$79.16 billion, a price-to-earnings ratio of 37.73, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The stock has a fifty day simple moving average of C$237.82 and a 200 day simple moving average of C$232.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share 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 period last year, the business posted $0.98 earnings per share. Sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 0.95%. Thomson Reuters’s payout ratio is presently 44.12%.

Analyst Upgrades and Downgrades

TRI has been the topic of several analyst reports. National Bankshares increased their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company raised Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. TD Securities raised their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday, February 7th. Finally, BMO Capital Markets raised their price target on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$270.33.

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.