TD Securities Raises Thomson Reuters (TSE:TRI) Price Target to C$230.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective boosted by TD Securities from C$225.00 to C$230.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities research analysts have also commented on TRI. Canaccord Genuity Group boosted their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a research note on Friday, February 9th. National Bankshares upped their price target on Thomson Reuters from C$217.00 to C$219.00 in a research note on Friday. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research report on Friday, February 9th. National Bank Financial downgraded Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a report on Tuesday, February 20th. Finally, CIBC raised their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a neutral rating in a report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of C$183.33.

Thomson Reuters Trading Up 1.2 %

TRI opened at C$225.32 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01. Thomson Reuters has a 52 week low of C$159.25 and a 52 week high of C$227.28. The stock has a market cap of C$101.70 billion, a PE ratio of 28.92, a PEG ratio of 3.64 and a beta of 0.38. The business has a 50 day moving average of C$211.18 and a 200-day moving average of C$198.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating the consensus estimate of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. Equities research analysts predict that Thomson Reuters will post 4.9537409 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.73 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.92 annualized dividend and a dividend yield of 1.30%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s payout ratio is currently 37.36%.

Insider Activity

In other news, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Corporate insiders own 69.49% of the company’s stock.

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.