Thomson Reuters (TSE:TRI) Given New C$265.00 Price Target at BMO Capital Markets

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price upped by BMO Capital Markets from C$260.00 to C$265.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on TRI. National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities boosted their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company upgraded Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Thomson Reuters has a consensus rating of “Moderate Buy” and a consensus target price of C$209.83.

Thomson Reuters Trading Down 0.4 %

Shares of TRI opened at C$252.31 on Friday. The company has a debt-to-equity ratio of 29.05, a quick ratio of 0.52 and a current ratio of 0.88. Thomson Reuters has a 52-week low of C$200.50 and a 52-week high of C$255.65. The firm has a market cap 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 fifty day moving average is C$234.79 and its 200-day moving average is C$230.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping 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 previous year, the company earned $0.98 earnings per share. Equities analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal 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 issued a $0.595 dividend. This represents a $2.38 annualized dividend 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.