Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target hoisted by National Bank Financial from C$90.00 to C$93.00 in a research note published on Sunday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research analysts have also issued reports on TRI. TD Securities upped their target price on Thomson Reuters from C$88.00 to C$92.00 and gave the company a buy rating in a research report on Thursday, May 9th. BMO Capital Markets upped their target price on Thomson Reuters from C$94.00 to C$95.00 in a research report on Friday.
Shares of TRI stock traded down C$1.84 during mid-day trading on Friday, hitting C$88.35. The stock had a trading volume of 705,400 shares, compared to its average volume of 537,225. Thomson Reuters has a 12-month low of C$58.55 and a 12-month high of C$93.44. The firm has a market capitalization of $44.21 billion and a price-to-earnings ratio of 13.28. The stock has a 50-day moving average of C$87.61. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 38.09.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Wednesday, May 8th. The company reported C$0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.30 by C$0.18. The firm had revenue of C$1.98 billion during the quarter, compared to analysts’ expectations of C$1.96 billion. Sell-side analysts predict that Thomson Reuters will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, August 21st. Thomson Reuters’s dividend payout ratio is presently 28.57%.
In related news, Director Marc E. Gold sold 3,548 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$86.20, for a total transaction of C$305,823.41. Following the sale, the director now directly owns 7,001 shares of the company’s stock, valued at C$603,458.20. Also, Director Deirdre Stanley sold 16,979 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$83.85, for a total value of C$1,423,628.03. Following the sale, the director now directly owns 88,068 shares in the company, valued at C$7,384,184.76.
About Thomson Reuters
Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.
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