Thomson Reuters Co. (TSE:TRI) Given Average Rating of “Moderate Buy” by Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$190.14.

A number of equities analysts recently commented on TRI shares. Scotiabank raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 8th. Finally, National Bankshares lifted their price objective on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$230.44 on Wednesday. The business’s 50-day moving average price is C$229.23 and its 200-day moving average price is C$225.88. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$103.63 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 12 month low of C$163.01 and a 12 month high of C$242.92.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 EPS for the quarter, topping analysts’ consensus estimates of C$1.10 by C$0.06. The company had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Equities research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. Thomson Reuters’s payout ratio is currently 41.33%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 399 shares of Thomson Reuters stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total value of C$62,156.22. In other news, Senior Officer David Franklin Wong sold 399 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total transaction of C$62,156.22. Also, Senior Officer Kirsty Roth sold 5,310 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$234.93, for a total value of C$1,247,459.18. Over the last three months, insiders sold 12,110 shares of company stock worth $2,817,727. 69.76% of the stock is owned by corporate insiders.

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.