Thomson Reuters (TSE:TRI) Price Target Raised to C$286.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price raised by National Bankshares from C$260.00 to C$286.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. TD Securities lifted their price objective on Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company raised shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Finally, BMO Capital Markets raised their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Thomson Reuters currently has an average rating of “Moderate Buy” and an average price target of C$209.83.

Thomson Reuters Price Performance

Shares of Thomson Reuters stock opened at C$252.31 on Friday. The firm has a market cap of C$113.47 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The firm’s 50-day simple moving average is C$234.79 and its 200-day simple moving average is C$230.43. Thomson Reuters has a twelve month low of C$200.50 and a twelve month high of C$255.65. 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 (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, research analysts expect that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 0.94%. Thomson Reuters’s dividend payout ratio is currently 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.