Thomson Reuters (TSE:TRI) Downgraded by National Bankshares

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

A number of other equities analysts have also issued reports on the stock. Royal Bank of Canada upped their target price on shares of 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. CIBC upped their target price 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. TD Securities upped their target price on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the stock a hold rating in a research report on Wednesday, March 13th. Canaccord Genuity Group upped their target price on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a hold rating in a research report on Friday, February 9th. Finally, BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an outperform rating in a report on Friday, February 9th. 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 price target of C$182.56.

Thomson Reuters Price Performance

TSE:TRI opened at C$208.35 on Tuesday. The firm has a market cap of C$94.04 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 32.01. The company’s 50-day moving average price is C$211.40 and its two-hundred day moving average price is C$196.70.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. On average, equities analysts anticipate that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a $0.54 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 1.04%. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.36%.

Insiders Place Their Bets

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. In other news, 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 transaction of C$95,392.80. Also, 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 transaction of C$744,562.50. Company insiders own 69.49% of the company’s stock.

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.