Thomson Reuters (TSE:TRI) Given New C$95.00 Price Target at BMO Capital Markets

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Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective upped by BMO Capital Markets from C$94.00 to C$95.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other equities analysts have also weighed in on the company. TD Securities lifted their price objective on Thomson Reuters from C$88.00 to C$92.00 and gave the company a buy rating in a research note on Thursday, May 9th. National Bank Financial lowered Thomson Reuters from an outperform rating to a sector perform rating and reduced their price objective for the company from C$95.00 to C$90.00 in a research note on Monday, July 29th.

TSE TRI opened at C$88.35 on Friday. The firm has a market cap of $44.21 billion and a price-to-earnings ratio of 13.28. Thomson Reuters has a 1-year low of C$58.55 and a 1-year high of C$93.44. The company has a quick ratio of 1.67, a current ratio of 1.93 and a debt-to-equity ratio of 38.09. The company has a 50-day moving average price of C$87.68.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.48 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.18. The firm had revenue of C$1.98 billion during the quarter, compared to analyst estimates of C$1.96 billion. On average, equities analysts expect that Thomson Reuters will post 1.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, August 21st. Thomson Reuters’s dividend payout ratio is currently 28.57%.

In related news, Director Deirdre Stanley sold 16,979 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$83.85, for a total transaction of C$1,423,628.03. Following the sale, the director now directly owns 88,068 shares in the company, valued at approximately C$7,384,184.76. Also, Director Marc E. Gold sold 3,548 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$86.20, for a total value of C$305,823.41. Following the sale, the director now owns 7,001 shares in the company, valued at C$603,458.20.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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