Thomson Reuters Co. (TSE:TRI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$190.14.

Several analysts recently weighed in on TRI shares. TD Securities increased their price target on Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a report on Thursday, June 20th. National Bank Financial raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. National Bankshares raised their target price on shares of Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Finally, Scotiabank raised shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Thomson Reuters Price Performance

TRI stock opened at C$232.70 on Friday. The company has a fifty day simple moving average of C$226.27 and a two-hundred day simple moving average of C$223.60. Thomson Reuters has a 52 week low of C$163.01 and a 52 week high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$104.65 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping the consensus estimate of C$1.10 by C$0.06. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. The company had revenue of C$2.38 billion during the quarter, compared to analyst estimates of C$2.38 billion. Analysts anticipate that Thomson Reuters will post 5.753 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.34%. Thomson Reuters’s payout ratio is 41.86%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. In other news, Senior Officer David Franklin Wong sold 399 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total value of C$62,156.22. Also, Senior Officer Kirsty Roth sold 5,310 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$234.93, for a total transaction of C$1,247,459.18. Insiders have sold 12,110 shares of company stock worth $2,817,727 in the last ninety days. 69.79% of the stock is owned by company insiders.

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.