Thomson Reuters Co. (TSE:TRI) Stock Has Average Target Price of C$168.00 According to Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$168.00.

TRI has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Tuesday, October 20th. National Bank Financial lifted their price objective on shares of Thomson Reuters from C$180.00 to C$190.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Finally, TD set a C$200.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, September 10th.

Insider Buying and Selling at Thomson Reuters

In other news, insider Elizabeth Florence Zimick sold 1,950 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares of the company’s stock, valued at C$330,638.10. This trade represents a 46.88% decrease in their position. Also, insider The Woodbridge Company Limited sold 120,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the completion of the sale, the insider directly owned 306,223,126 shares of the company’s stock, valued at approximately C$45,379,205,041.94. This represents a 0.04% decrease in their position. Insiders sold 266,950 shares of company stock worth $39,175,440 over the last ninety days. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$155.06 on Thursday. The stock has a 50 day moving average price of C$149.08 and a 200 day moving average price of C$133.86. Thomson Reuters has a 52-week low of C$107.91 and a 52-week high of C$199.16. The company has a debt-to-equity ratio of 33.96, a quick ratio of 0.52 and a current ratio of 1.08. The firm has a market capitalization of C$67.21 billion, a P/E ratio of 43.29, a P/E/G ratio of 3.64 and a beta of 0.15.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$1.15 EPS for the quarter. Thomson Reuters had a return on equity of 13.75% and a net margin of 20.01%. The company had revenue of C$2.61 billion for the quarter. As a group, sell-side analysts predict that Thomson Reuters will post 5.64 earnings per share for the current year.

Thomson Reuters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, December 10th will be issued a $0.6550 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.62 dividend on an annualized basis and a yield of 1.7%. Thomson Reuters’s payout ratio is currently 72.02%.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.