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

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by TD Securities from C$225.00 to C$230.00 in a report published on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

TRI has been the subject of a number of other research reports. Canaccord Genuity Group lifted their target price on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a report on Friday, February 9th. National Bank Financial lowered shares of Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research note on Tuesday, February 20th. BMO Capital Markets increased their target price on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research note on Friday, February 9th. National Bankshares raised their target price on shares of Thomson Reuters from C$217.00 to C$219.00 in a report on Friday. Finally, CIBC upped their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$183.33.

Thomson Reuters Stock Performance

Shares of TSE:TRI opened at C$228.41 on Friday. The firm has a fifty day simple moving average of C$211.68 and a two-hundred day simple moving average of C$199.25. Thomson Reuters has a 52 week low of C$160.72 and a 52 week high of C$229.89. The company has a quick ratio of 0.52, a current ratio of 0.97 and a debt-to-equity ratio of 36.91. The stock has a market capitalization of C$103.00 billion, a P/E ratio of 32.17, a PEG ratio of 3.64 and a beta of 0.38.

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

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is currently 41.69%.

Insider Transactions at Thomson Reuters

In related news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. In other Thomson Reuters 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 transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the business’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. 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.