Thomson Reuters (TSE:TRI) Sets New 52-Week High at $219.12

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) hit a new 52-week high during trading on Thursday . The stock traded as high as C$219.12 and last traded at C$218.23, with a volume of 133007 shares traded. The stock had previously closed at C$208.41.

Analyst Upgrades and Downgrades

TRI has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada upped their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. CIBC upped their price target on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Canaccord Genuity Group upped their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, National Bankshares lowered shares of 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$182.56.

Thomson Reuters Stock Performance

The company has a market cap of C$101.78 billion, a P/E ratio of 28.34, a PEG ratio of 3.64 and a beta of 0.38. The business’s 50 day simple moving average is C$210.99 and its 200 day simple moving average is C$197.90. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating the consensus estimate of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The business had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. Sell-side analysts predict that Thomson Reuters Co. will post 4.9537409 earnings per share for the current fiscal year.

Thomson Reuters Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, February 20th. Thomson Reuters’s dividend payout ratio is currently 37.36%.

Insider Buying and Selling

In related news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction 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. 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 transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is owned by company insiders.

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.