Thomson Reuters (TSE:TRI) Reaches New 52-Week High – Should You Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$244.22 and last traded at C$243.76, with a volume of 15241 shares trading hands. The stock had previously closed at C$240.80.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TRI shares. BMO Capital Markets boosted their price target on Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, TD Securities boosted their price target on Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of C$197.50.

Thomson Reuters Trading Up 1.6 %

The business has a 50-day moving average price of C$232.52 and a two-hundred day moving average price of C$229.69. The stock has a market capitalization of C$110.03 billion, a P/E ratio of 34.51, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.01. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, analysts expect that Thomson Reuters Co. 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 issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, November 21st. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Insider Buying and Selling

In related news, Senior Officer David Franklin Wong sold 2,417 shares of Thomson Reuters stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is currently owned by 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.