Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price increased by Royal Bank of Canada to C$123.00 in a report published on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.
A number of other research analysts also recently commented on TRI. Bank of America decreased their price objective on shares of Thomson Reuters from C$126.00 to C$124.00 in a research report on Thursday, January 7th. National Bank Financial lifted their price objective on shares of Thomson Reuters from C$115.00 to C$122.00 and gave the company an outperform rating in a research report on Wednesday, February 24th. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$116.00 to C$127.00 in a research report on Wednesday, February 24th. Finally, TD Securities lifted their price objective on shares of Thomson Reuters from C$120.00 to C$125.00 and gave the company a buy rating in a research report on Wednesday, February 24th.
Shares of TRI stock opened at C$119.08 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.36 and a debt-to-equity ratio of 40.86. Thomson Reuters has a 1 year low of C$89.89 and a 1 year high of C$122.03. The firm’s fifty day moving average price is C$112.92 and its two-hundred day moving average price is C$107.45. The firm has a market capitalization of C$59.01 billion and a P/E ratio of 43.19.
Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, February 23rd. The company reported C$0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.59 by C$0.11. The business had revenue of C$2.11 billion during the quarter, compared to analyst estimates of C$2.09 billion. As a group, equities research analysts forecast that Thomson Reuters will post 2.2899999 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Friday, March 5th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, March 4th. Thomson Reuters’s dividend payout ratio (DPR) is currently 55.13%.
In other news, Director Linda Walker sold 6,905 shares of the company’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of C$115.46, for a total value of C$797,254.06. Following the sale, the director now directly owns 23,695 shares of the company’s stock, valued at approximately C$2,735,834.18. Also, Director Sean Cannizzaro sold 1,400 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of C$116.46, for a total transaction of C$163,049.04. Following the completion of the sale, the director now directly owns 1,030 shares in the company, valued at C$119,957.51. Over the last 90 days, insiders sold 14,962 shares of company stock valued at $1,740,970.
Thomson Reuters Company Profile
Thomson Reuters Corporation provides 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.
Read More: Why Net Income is Important to Investors
Receive News & Ratings for Thomson Reuters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thomson Reuters and related companies with MarketBeat.com's FREE daily email newsletter.