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

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

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

Thomson Reuters Trading Up 1.6 %

Shares of TSE:TRI opened at C$244.65 on Friday. The company has a market capitalization of C$110.02 billion, a P/E ratio of 34.51, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 1 year low of C$199.00 and a 1 year high of C$245.76. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The business’s 50 day simple moving average is C$232.52 and its 200 day simple moving average is C$229.69.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.09 earnings per share (EPS) for the quarter, topping 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 company earned $1.10 EPS. On average, research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 positive change from Thomson Reuters’s previous quarterly dividend of $0.20. Thomson Reuters’s dividend payout ratio (DPR) is 41.33%.

Insider Buying and Selling at Thomson Reuters

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction that occurred 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. Insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.