Thomson Reuters (TSE:TRI) Given New C$265.00 Price Target at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective upped by BMO Capital Markets from C$260.00 to C$265.00 in a research report report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on TRI. National Bankshares lifted their target price on Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities raised their price target on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of C$209.83.

Thomson Reuters Stock Performance

TSE TRI opened at C$252.31 on Friday. The firm has a market capitalization of C$113.47 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. 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’s fifty day moving average price is C$234.79 and its two-hundred day moving average price is C$230.43. Thomson Reuters has a 1 year low of C$200.50 and a 1 year high of C$255.65.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued 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 business posted $0.98 EPS. As a group, research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 0.94%. Thomson Reuters’s payout ratio is 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.