TD Securities Raises Thomson Reuters (TSE:TRI) Price Target to C$260.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective boosted by TD Securities from C$250.00 to C$260.00 in a report issued on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages have also recently weighed in on TRI. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. BMO Capital Markets boosted their target price on Thomson Reuters from C$251.00 to C$256.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$209.83.

Thomson Reuters Trading Down 0.4 %

TSE:TRI opened at C$252.31 on Friday. 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 has a 1-year low of C$200.50 and a 1-year high of C$255.65. The firm has a market capitalization of C$113.47 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 3.64 and a beta of 0.40. The business’s 50-day moving average price is C$234.79 and its two-hundred day moving average price is C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. During the same period in the prior year, the business posted $0.98 EPS. On average, equities analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Thursday, February 20th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 0.94%. Thomson Reuters’s payout ratio is presently 41.33%.

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.