Thomson Reuters Co. (TRI.TO) – What Are Investment Firms Saying About This Stock?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$168.00.

A number of brokerages recently weighed in on TRI. National Bank Financial increased their price target on shares of Thomson Reuters from C$180.00 to C$190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. TD set a C$200.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Tuesday, October 20th.

Thomson Reuters Trading Down 3.6%

TSE TRI opened at C$153.18 on Thursday. The stock has a 50-day simple moving average of C$148.84 and a 200 day simple moving average of C$134.00. The company has a market capitalization of C$66.40 billion, a PE ratio of 42.77, a P/E/G ratio of 3.64 and a beta of 0.15. The company has a current ratio of 1.08, a quick ratio of 0.52 and a debt-to-equity ratio of 33.96. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$199.16.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, November 3rd. The company reported C$1.15 earnings per share (EPS) for the quarter. The firm had revenue of C$2.61 billion for the quarter. Thomson Reuters had a return on equity of 13.75% and a net margin of 20.01%. Research analysts forecast that Thomson Reuters will post 5.64 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, December 10th will be paid a dividend of $0.6550 per share. This represents a $2.62 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 18th. Thomson Reuters’s dividend payout ratio (DPR) is presently 72.02%.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares of the company’s stock, valued at approximately C$44,499,818,657.88. The trade was a 0.02% decrease in their ownership of the stock. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares of the company’s stock, valued at C$330,638.10. This trade represents a 46.88% decrease in their ownership of the stock. Insiders have sold a total of 266,950 shares of company stock worth $39,175,440 in the last ninety days. 69.76% of the stock is currently owned by company insiders.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.