Thomson Reuters (TSE:TRI) Price Target Raised to C$280.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective hoisted by BMO Capital Markets from C$265.00 to C$280.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TRI has been the subject of a number of other research reports. National Bankshares upped their price objective on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Bank of America set a C$255.00 price objective on Thomson Reuters and gave the stock a “neutral” rating in a report on Thursday, April 10th. Finally, TD Securities upped their target price on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average target price of C$252.40.

Thomson Reuters Stock Down 0.9 %

Thomson Reuters stock opened at C$254.64 on Friday. The firm has a market cap of C$80.44 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 3.64 and a beta of 0.40. The firm has a fifty day moving average price of C$247.90 and a two-hundred day moving average price of C$239.89. Thomson Reuters has a fifty-two week low of C$214.51 and a fifty-two week high of C$262.09. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same period last year, the company posted $0.98 EPS. As a group, analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Thursday, February 20th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 0.93%. Thomson Reuters’s dividend payout ratio is presently 44.12%.

Insider Transactions at Thomson Reuters

In other Thomson Reuters news, Director Kerry Hendrikx sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total value of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of C$251.96, for a total value of C$568,432.59. 69.76% of the stock is owned by insiders.

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.