Thomson Reuters (TSE:TRI) Downgraded by National Bankshares to Sector Perform

National Bankshares cut shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from an outperform rating to a sector perform rating in a research report released on Tuesday, BayStreet.CA reports. National Bankshares currently has C$217.00 price target on the stock, up from their prior price target of C$210.00.

Several other brokerages have also recently issued reports on TRI. TD Securities increased their target price on Thomson Reuters from C$210.00 to C$225.00 and gave the company a hold rating in a research report on Wednesday, March 13th. National Bank Financial cut Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research report on Tuesday, February 20th. CIBC raised their price objective 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. BMO Capital Markets raised their price objective 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. Finally, Royal Bank of Canada raised their price objective 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of C$182.56.

Thomson Reuters Stock Up 0.2 %

Shares of TSE TRI opened at C$209.92 on Tuesday. 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 stock has a market capitalization of C$94.75 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. The stock’s fifty day simple moving average is C$211.58 and its two-hundred day simple moving average is C$196.54. Thomson Reuters has a 12-month low of C$159.25 and a 12-month high of C$217.83.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. As a group, analysts expect that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

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

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters 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. In other Thomson Reuters 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 transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently owned by insiders.

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.