Thomson Reuters Co. (TSE:TRI) Director Peter J. Thomson Buys 78 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter J. Thomson purchased 78 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of C$235.93 per share, for a total transaction of C$18,402.76.

Thomson Reuters Trading Down 2.7 %

TRI opened at C$228.52 on Wednesday. Thomson Reuters Co. has a 52 week low of C$163.01 and a 52 week high of C$242.92. The company has a market capitalization of C$102.77 billion, a P/E ratio of 32.79, a PEG ratio of 3.64 and a beta of 0.40. The stock’s fifty day moving average is C$225.84 and its two-hundred day moving average is C$223.09. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, beating the consensus estimate of C$1.10 by C$0.06. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. The firm had revenue of C$2.38 billion during the quarter, compared to the consensus estimate of C$2.38 billion. Analysts forecast that Thomson Reuters Co. will post 5.8291688 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.35%. Thomson Reuters’s dividend payout ratio is presently 42.61%.

Analyst Ratings Changes

TRI has been the subject of several recent analyst reports. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. National Bank Financial upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. TD Securities increased their target price on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a “hold” rating in a research note on Thursday, June 20th. Finally, National Bankshares lifted their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$190.14.

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.