Thomson Reuters (TSE:TRI) Price Target Raised to C$230.00 at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target increased by TD Securities from C$225.00 to C$230.00 in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

TRI has been the subject of a number of other research reports. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a research note on Friday, February 9th. CIBC upped their price objective on shares of 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. Canaccord Genuity Group lifted 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. National Bankshares increased their price target on shares of Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday. Finally, National Bank Financial downgraded Thomson Reuters from a sector perform under weight rating to an underperform underweight rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$183.33.

Thomson Reuters Stock Up 1.2 %

Thomson Reuters stock opened at C$225.32 on Friday. The firm has a 50 day moving average price of C$211.41 and a two-hundred day moving average price of C$198.82. The company has a debt-to-equity ratio of 36.91, a quick ratio of 0.52 and a current ratio of 0.97. Thomson Reuters has a 52-week low of C$159.25 and a 52-week high of C$227.28. The firm has a market cap of C$101.60 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. Equities analysts predict that Thomson Reuters will post 5.047491 EPS for the current year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is 41.69%.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of the company’s 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. In other news, Senior Officer David Franklin Wong sold 600 shares of the company’s 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. Also, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction that occurred 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. 69.49% of the stock is owned by company 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.