Thomson Reuters Co. (TSE:TRI) Receives Average Rating of “Hold” from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$183.33.

TRI has been the subject of several research analyst reports. National Bankshares upped their price target on shares of Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday, May 3rd. TD Securities upped their price objective on shares of Thomson Reuters from C$225.00 to C$230.00 and gave the company a “hold” rating in a research note on Friday, May 3rd.

Insider Activity

In other news, Director Ryan Kessler sold 372 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total value of C$63,783.12. Following the completion of the sale, the director now owns 196 shares of the company’s stock, valued at approximately C$33,606.16. In other news, Director Ryan Kessler sold 372 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$171.46, for a total value of C$63,783.12. Following the completion of the sale, the director now owns 196 shares of the company’s stock, valued at approximately C$33,606.16. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$163.82, for a total transaction of C$98,292.00. Insiders sold a total of 1,117 shares of company stock valued at $186,397 in the last 90 days. Company insiders own 69.64% of the company’s stock.

Thomson Reuters Stock Down 0.4 %

TRI opened at C$227.69 on Thursday. Thomson Reuters has a twelve month low of C$163.01 and a twelve month high of C$242.92. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 37.11. The company has a 50-day moving average price of C$225.23 and a 200 day moving average price of C$210.94. The company has a market cap of C$102.58 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.23. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. The firm had revenue of C$2.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Sell-side analysts expect that Thomson Reuters will post 5.0831533 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, May 15th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio is currently 41.94%.

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.