Thomson Reuters (TSE:TRI) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from a buy rating to a hold rating in a research note released on Wednesday, BayStreet.CA reports. TD Securities currently has C$94.00 price target on the stock, up from their previous price target of C$92.00.

TRI has been the subject of several other research reports. National Bank Financial raised their price target on Thomson Reuters from C$90.00 to C$93.00 and gave the stock a sector perform rating in a research report on Sunday, August 4th. BMO Capital Markets raised their price target on Thomson Reuters from C$94.00 to C$95.00 in a research report on Friday, August 2nd.

Thomson Reuters stock opened at C$87.34 on Wednesday. The company has a debt-to-equity ratio of 38.60, a quick ratio of 1.67 and a current ratio of 1.93. The stock has a fifty day moving average of C$88.79 and a two-hundred day moving average of C$82.21. The company has a market capitalization of $43.71 billion and a price-to-earnings ratio of 13.13. Thomson Reuters has a fifty-two week low of C$61.35 and a fifty-two week high of C$93.44.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, August 21st. Thomson Reuters’s payout ratio is 22.34%.

In other news, Director Richard Harrison King sold 25,135 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of C$87.86, for a total transaction of C$2,208,433.89. Following the sale, the director now owns 34,838 shares in the company, valued at C$3,060,967.57. Also, Director Brian S. Peccarelli sold 16,354 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$88.97, for a total value of C$1,454,982.67.

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.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

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