Thomson Reuters Co. (TSE:TRI – Get Free Report) (NYSE:TRI)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$219.12 and last traded at C$218.23, with a volume of 133007 shares trading hands. The stock had previously closed at C$208.41.
Analysts Set New Price Targets
TRI has been the subject of several research reports. National Bankshares downgraded Thomson Reuters from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$210.00 to C$217.00 in a research note on Tuesday, April 23rd. National Bank Financial lowered Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. CIBC raised their target price on Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. BMO Capital Markets lifted their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, TD Securities boosted their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$182.56.
Check Out Our Latest Analysis on Thomson Reuters
Thomson Reuters Stock Up 8.2 %
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. As a group, equities analysts anticipate that Thomson Reuters Co. will post 4.9537409 EPS for the current fiscal year.
Thomson Reuters Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 21st were issued a $0.54 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.16 annualized dividend and a yield of 0.96%. Thomson Reuters’s dividend payout ratio (DPR) is presently 37.36%.
Insider Activity
In other news, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In related news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Corporate insiders own 69.49% of the company’s stock.
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.
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