Analysts Set Thomson Reuters Co. (TSE:TRI) Price Target at C$197.50

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$197.50.

A number of brokerages have recently weighed in on TRI. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. TD Securities raised their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Price Performance

TRI stock opened at C$234.17 on Friday. The firm has a 50 day moving average of C$231.76 and a 200-day moving average of C$229.52. Thomson Reuters has a 12-month low of C$199.00 and a 12-month high of C$243.42. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The company has a market cap of C$105.31 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter in the prior year, the business posted $1.10 earnings per share. As a group, equities analysts expect that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a $0.73 dividend. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. This represents a $2.92 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.33%.

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.