Thomson Reuters Co. (TSE:TRI) Given Consensus Recommendation of “Hold” by Brokerages

Thomson Reuters Co. (TSE:TRIGet Free Report) (NYSE:TRI) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$181.78.

A number of research firms recently weighed in on TRI. CIBC lifted their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Canaccord Genuity Group boosted their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. National Bankshares downgraded shares of Thomson Reuters from a “sector perform” rating to an “underperform” rating and set a C$210.00 target price on the stock. in a report on Tuesday, February 20th. Finally, TD Securities raised their target price on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th.

Get Our Latest Report on TRI

Thomson Reuters Trading Down 0.4 %

Shares of TSE:TRI opened at C$210.80 on Friday. Thomson Reuters has a 52-week low of C$159.25 and a 52-week high of C$217.83. The stock has a market capitalization of C$95.15 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 32.01, a quick ratio of 0.52 and a current ratio of 0.90. The stock’s 50-day simple moving average is C$209.56 and its two-hundred day simple moving average is C$191.38.

Thomson Reuters (TSE:TRIGet Free Report) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping the consensus estimate of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The firm had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. Analysts expect that Thomson Reuters will post 4.9443014 EPS for the current year.

Thomson Reuters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Wednesday, February 21st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s payout ratio is 37.55%.

Insiders Place Their Bets

In related news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Corporate insiders own 69.49% of the company’s stock.

About Thomson Reuters

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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.

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Analyst Recommendations for Thomson Reuters (TSE:TRI)

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