Thomson Reuters (TSE:TRI) Given New C$260.00 Price Target at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by TD Securities from C$250.00 to C$260.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other analysts have also recently commented on TRI. Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Moderate Buy” and a consensus price target of C$209.83.

Thomson Reuters Trading Down 0.4 %

Shares of TRI stock opened at C$252.31 on Friday. The company has a market capitalization of C$113.47 billion, a P/E ratio of 35.59, a P/E/G ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 12-month low of C$200.50 and a 12-month high of C$255.65. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 29.05. The firm has a 50-day moving average price of C$234.79 and a 200 day moving average price of C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. 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 company earned $0.98 earnings per share. Research analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio is currently 41.33%.

Thomson Reuters Company Profile

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.