Thomson Reuters (TSE:TRI) Sets New 52-Week High – Time to Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$243.42 and last traded at C$243.16, with a volume of 14116 shares changing hands. The stock had previously closed at C$241.31.

Wall Street Analysts Forecast Growth

TRI has been the topic of several research analyst reports. TD Securities increased their price target on shares of Thomson Reuters from C$235.00 to C$250.00 in a research report on Wednesday, November 6th. National Bank Financial raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 8th. BMO Capital Markets boosted their price target on Thomson Reuters from C$251.00 to C$256.00 in a report on Wednesday, November 6th. Scotiabank upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$197.50.

Thomson Reuters Trading Up 0.7 %

The firm’s fifty day moving average price is C$231.16 and its 200-day moving average price is C$229.55. The company has a market cap of C$108.16 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52.

Thomson Reuters Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.33%.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer Mary Alice Vuicic sold 6,062 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$235.62, for a total transaction of C$1,428,328.44. Also, Senior Officer David Franklin Wong sold 2,417 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of C$165.58, for a total value of C$400,206.86. 69.76% of the stock is owned by insiders.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting 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 to law firms and governments.