BMO Capital Markets Boosts Thomson Reuters (TRI) Price Target to C$73.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective upped by BMO Capital Markets from C$69.00 to C$73.00 in a research report sent to investors on Wednesday.

Other analysts have also issued reports about the stock. Berenberg Bank cut their price target on shares of Thomson Reuters from C$45.00 to C$44.00 in a research report on Thursday, August 30th. TD Securities upped their price target on shares of Thomson Reuters from C$68.00 to C$69.00 and gave the company a buy rating in a research report on Wednesday, November 7th. Finally, National Bank Financial upped their price target on shares of Thomson Reuters from C$69.00 to C$73.00 and gave the company an outperform rating in a research report on Wednesday.

TRI opened at C$67.18 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 2.45 and a debt-to-equity ratio of 58.70. Thomson Reuters has a 52 week low of C$46.69 and a 52 week high of C$68.70.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, November 6th. The company reported C$0.15 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.06 by C$0.09. The firm had revenue of C$1.69 billion during the quarter, compared to the consensus estimate of C$1.70 billion. On average, research analysts anticipate that Thomson Reuters will post 1.34000002516801 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.452 per share. This represents a $1.81 annualized dividend and a yield of 2.69%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 14th. Thomson Reuters’s dividend payout ratio is presently 87.16%.

In other Thomson Reuters news, Director Vance A. Sider sold 88,548 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of C$45.56, for a total transaction of C$4,034,246.88. Also, Director Stephen J. Adler sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of C$47.65, for a total transaction of C$714,750.00. Over the last 90 days, insiders have sold 414,375 shares of company stock valued at $20,326,307.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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