Thomson Reuters (TSE:TRI) PT Raised to C$219.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective boosted by National Bankshares from C$217.00 to C$219.00 in a research note published on Friday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on TRI. CIBC raised their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a neutral rating in a research note on Friday, February 9th. National Bank Financial cut shares of Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a report on Tuesday, February 20th. Canaccord Genuity Group upped their price target on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the company a hold rating in a research report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a sector perform rating in a research report on Friday, February 9th. Finally, TD Securities lifted their price objective on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a hold rating in a research note on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$183.33.

Thomson Reuters Stock Up 1.4 %

Thomson Reuters stock opened at C$228.41 on Friday. The stock’s fifty day moving average is C$211.68 and its two-hundred day moving average is C$199.25. The stock has a market cap of C$103.00 billion, a PE ratio of 32.17, a P/E/G ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 1-year low of C$160.72 and a 1-year high of C$229.89. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. On average, sell-side analysts expect that Thomson Reuters will post 5.047491 EPS for the current fiscal year.

Thomson Reuters Increases Dividend

The company 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 dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, May 15th. Thomson Reuters’s payout ratio is 41.69%.

Insider Activity at Thomson Reuters

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