Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) Director Peter J. Thomson bought 78 shares of the business's stock in a transaction on Monday, September 16th. The stock was bought at an average price of C$235.93 per share, for a total transaction of C$18,402.76.
Thomson Reuters Trading Down 2.7 %
Shares of Thomson Reuters stock opened at C$228.52 on Wednesday. The firm's 50 day simple moving average is C$225.84 and its two-hundred day simple moving average is C$223.09. The firm has a market capitalization of C$102.77 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 12-month low of C$163.01 and a 12-month high of C$242.92. 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 - Get Free Report) (NYSE:TRI) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, beating analysts' consensus estimates of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to analyst estimates of C$2.38 billion. Thomson Reuters had a net margin of 33.65% and a return on equity of 20.41%. Analysts predict that Thomson Reuters Co. will post 5.8291688 EPS for the current year.
Thomson Reuters Cuts Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, August 15th. Thomson Reuters's payout ratio is 42.61%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on TRI. National Bank Financial upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a report on Sunday, September 8th. Scotiabank upgraded shares of Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 27th. National Bankshares upped their price target on Thomson Reuters from C$219.00 to C$231.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Finally, TD Securities raised their price objective on Thomson Reuters from C$230.00 to C$235.00 and gave the stock a "hold" rating in a research report on Thursday, June 20th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$190.14.
Get Our Latest Stock Analysis on Thomson Reuters
Thomson Reuters Company Profile
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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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