Thomson Reuters (TSE:TRI) Reaches New 52-Week High – Time to Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$244.22 and last traded at C$243.76, with a volume of 15241 shares. The stock had previously closed at C$240.80.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Securities upped their price objective on shares of Thomson Reuters from C$235.00 to C$250.00 in a research note on Wednesday, November 6th. BMO Capital Markets upped their price target on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$197.50.

Thomson Reuters Stock Performance

The company has a market cap of C$109.83 billion, a PE ratio of 34.45, a P/E/G ratio of 3.64 and a beta of 0.40. The business has a fifty day moving average of C$233.29 and a 200-day moving average of C$229.91. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 29.05.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.09 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.01. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same quarter last year, the company earned $1.10 EPS. Equities research analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.20%. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s dividend payout ratio is 41.33%.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 2,417 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$165.58, for a total transaction of C$400,206.86. 69.76% of the stock is owned by company insiders.

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.