THOMSON REUTERS CORP. $53 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 750.4 million; Market cap: $39.8 billion; Price-to-sales ratio: 3.3; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.thomsonreuters.com) mainly sells information products to financial clients such as banks and brokerages. It also sells information to professionals in the legal, tax and accounting fields.
Thomson’s U.K. operations supply 14% of its revenue. However, Brexit could spur demand for its data as businesses adapt to new trading rules. Uncertainty has also increased volumes on the company’s foreign currency trading platforms.
The stock trades at a reasonable 19.9 times the $2.05 U.S. it should earn in 2016. The $1.36 U.S. dividend yields 3.3%.
Thomson Reuters is a buy.