Thomson Reuters (TSE:TRI) Reaches New 52-Week High – Time to Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$244.22 and last traded at C$243.76, with a volume of 15241 shares. The stock had previously closed at C$240.80.

Analysts Set New Price Targets

TRI has been the subject of several analyst reports. BMO Capital Markets raised their target price on shares of Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. TD Securities lifted their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Thomson Reuters presently has a consensus rating of “Moderate Buy” and a consensus price target of C$197.50.

Thomson Reuters Stock Performance

The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a market capitalization of C$109.83 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 3.64 and a beta of 0.40. The company has a fifty day moving average of C$233.29 and a two-hundred day moving average of C$229.91.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 earnings per share for the quarter, topping the consensus estimate of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, equities research analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is presently 41.33%.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is owned by company 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.