Thomson Reuters (TRI) Price Target Raised to C$69.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective upped by National Bank Financial from C$67.00 to C$69.00 in a report published on Wednesday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.80 EPS, FY2019 earnings at $1.74 EPS and FY2020 earnings at $2.59 EPS.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank dropped their price objective on Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th. TD Securities lifted their price objective on Thomson Reuters from C$64.00 to C$68.00 and gave the company a buy rating in a report on Wednesday, October 10th. Finally, BMO Capital Markets lifted their price objective on Thomson Reuters from C$65.00 to C$69.00 in a report on Wednesday.

TRI opened at C$63.50 on Wednesday. Thomson Reuters has a 1 year low of C$46.69 and a 1 year high of C$63.93. The company has a current ratio of 2.31, a quick ratio of 0.25 and a debt-to-equity ratio of 64.43.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Wednesday, August 8th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.14 by C$0.08. The firm had revenue of C$1.69 billion during the quarter, compared to the consensus estimate of C$1.69 billion. On average, research analysts predict that Thomson Reuters will post 1.24803706030151 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be issued a $0.452 dividend. The ex-dividend date is Wednesday, November 14th. This is a boost from Thomson Reuters’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 2.85%. Thomson Reuters’s payout ratio is currently 82.54%.

In other Thomson Reuters news, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total value of C$4,034,246.88.

About Thomson Reuters

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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