Thomson Reuters Co. (TSE:TRI) Receives Average Recommendation of “Hold” from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$182.56.

Several equities analysts recently commented on TRI shares. Canaccord Genuity Group upped their price objective on Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research note on Friday, February 9th. CIBC increased their target price on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. National Bank Financial downgraded Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Finally, BMO Capital Markets increased their target price on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th.

Insider Transactions at Thomson Reuters

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

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$209.92 on Wednesday. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01. The business’s 50 day simple moving average is C$211.58 and its 200 day simple moving average is C$196.54. The company has a market cap of C$94.75 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating 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 business had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. Sell-side analysts forecast that Thomson Reuters will post 4.9537409 EPS for the current year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.03%. Thomson Reuters’s payout ratio is currently 37.36%.

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.