National Bank Financial Raises Thomson Reuters (TRI) Price Target to C$90.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price lifted by National Bank Financial from C$88.00 to C$90.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2019 earnings at $0.61 EPS and FY2021 earnings at $2.61 EPS.

TRI has been the subject of a number of other reports. BMO Capital Markets upped their target price on Thomson Reuters from C$78.00 to C$87.00 in a research report on Thursday, April 18th. TD Securities upped their target price on Thomson Reuters from C$81.00 to C$88.00 and gave the company a buy rating in a research report on Friday, April 26th.

Shares of TSE TRI opened at C$85.90 on Thursday. The stock has a market capitalization of $42.35 billion and a P/E ratio of 14.53. The company has a quick ratio of 1.66, a current ratio of 1.84 and a debt-to-equity ratio of 35.68. Thomson Reuters has a 52-week low of C$51.45 and a 52-week high of C$86.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Tuesday, February 26th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.18. The firm had revenue of C$2.01 billion during the quarter, compared to analyst estimates of C$2 billion. As a group, research analysts forecast that Thomson Reuters will post 1.89000011756748 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Thursday, May 23rd will be given a $0.36 dividend. The ex-dividend date is Wednesday, May 22nd. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.04. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Thomson Reuters’s dividend payout ratio is 25.81%.

In other Thomson Reuters news, Director Deirdre Stanley sold 24,412 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of C$71.77, for a total transaction of C$1,752,100.41. Following the completion of the sale, the director now directly owns 37,849 shares of the company’s stock, valued at approximately C$2,716,502.06. Also, Director Linda Walker sold 11,832 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$74.90, for a total value of C$886,178.94. Following the sale, the director now directly owns 5,901 shares of the company’s stock, valued at C$441,966.02. Over the last three months, insiders sold 49,334 shares of company stock valued at $3,573,235.

About Thomson Reuters

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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