Insider Selling: Thomson Reuters (TSE:TRI) Director Sells 320 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the completion of the transaction, the director directly owned 1,075 shares of the company’s stock, valued at C$140,502.50. This represents a 22.94% decrease in their position.

Sean Cannizzaro also recently made the following trade(s):

• On Thursday, May 7th, Sean Cannizzaro sold 180 shares of Thomson Reuters stock. The shares were sold at an average price of C$130.80, for a total transaction of C$23,544.00.

Thomson Reuters Price Performance

TRI stock traded down C$2.42 during trading on Tuesday, reaching C$119.60. 1,067,793 shares of the company were exchanged, compared to its average volume of 849,380. The company has a debt-to-equity ratio of 20.72, a quick ratio of 0.52 and a current ratio of 0.60. The company has a market cap of C$52.21 billion, a P/E ratio of 34.63, a PEG ratio of 3.64 and a beta of 0.11. The stock’s 50 day moving average price is C$128.54 and its 200 day moving average price is C$156.88. Thomson Reuters Co. has a 52-week low of C$109.20 and a 52-week high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. The firm had revenue of C$2.90 billion during the quarter. Thomson Reuters had a net margin of 19.92% and a return on equity of 12.64%. As a group, analysts predict that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRI shares. National Bank Financial dropped their price target on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Sunday, February 8th. TD boosted their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce dropped their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Finally, TD Securities cut their price objective on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Thomson Reuters currently has a consensus rating of “Buy” and an average price target of C$163.00.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.