Thomson Reuters (TSE:TRI) Sets New 1-Year High at $231.78

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$231.78 and last traded at C$229.94, with a volume of 98605 shares. The stock had previously closed at C$229.08.

Analyst Ratings Changes

TRI has been the topic of a number of research analyst reports. National Bank Financial cut shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. TD Securities raised their price objective on Thomson Reuters from C$225.00 to C$230.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. CIBC boosted their target price on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. BMO Capital Markets increased their price target 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, Royal Bank of Canada lifted their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$183.33.

Thomson Reuters Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.52 and a debt-to-equity ratio of 36.91. The firm has a market capitalization of C$103.46 billion, a P/E ratio of 32.31, a P/E/G ratio of 3.64 and a beta of 0.38. The company has a 50 day moving average of C$212.00 and a 200-day moving average of C$199.68.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. The firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. On average, sell-side analysts predict that Thomson Reuters Co. will post 5.047491 EPS for the current year.

Thomson Reuters Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.73 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.54. Thomson Reuters’s dividend payout ratio (DPR) is presently 41.69%.

Insider Buying and Selling

In other news, Director Linda Walker sold 4,750 shares of the business’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. In other news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction on Monday, March 18th. The stock was 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 business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. 69.49% of the stock is currently 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.