Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Stock analysts at National Bank Financial lifted their FY2019 earnings per share estimates for Thomson Reuters in a research note issued to investors on Wednesday. National Bank Financial analyst A. Shine now expects that the company will earn $3.51 per share for the year, up from their prior forecast of $3.50. National Bank Financial currently has a “Sector Perform” rating and a $60.00 target price on the stock.
A number of other equities analysts also recently issued reports on the stock. Scotiabank cut their price objective on shares of Thomson Reuters to C$69.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Royal Bank of Canada cut their price objective on shares of Thomson Reuters to C$60.50 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. Finally, TD Securities cut their price objective on shares of Thomson Reuters from C$65.00 to C$64.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$62.25.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a $0.433 dividend. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.35. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, February 21st. Thomson Reuters’s payout ratio is 75.14%.
In related news, insider Woodbridge Company Limited The purchased 1,778 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The shares were bought at an average cost of C$56.55 per share, with a total value of C$100,545.90.
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Thomson Reuters Company Profile
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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