Analysts Set Thomson Reuters Co. (TSE:TRI) Target Price at C$182.56

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$182.56.

Several research analysts have recently weighed in on the stock. National Bankshares cut shares of Thomson Reuters from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$210.00 to C$217.00 in a report on Tuesday, April 23rd. CIBC increased their target price 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. Canaccord Genuity Group increased 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. BMO Capital Markets lifted their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada boosted their price target on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the 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. In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the business’s 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. Also, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction that occurred 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. 69.49% of the stock is currently owned by insiders.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$207.93 on Wednesday. Thomson Reuters has a fifty-two week low of C$159.25 and a fifty-two week high of C$217.83. The stock has a fifty day moving average of C$211.06 and a 200-day moving average of C$197.83. The company has a debt-to-equity ratio of 32.01, a quick ratio of 0.52 and a current ratio of 0.90. The stock has a market cap of C$93.85 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued 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. The company had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. Equities research analysts anticipate that Thomson Reuters will post 4.9537409 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.04%. Thomson Reuters’s dividend payout ratio (DPR) is 37.36%.

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.