Thomson Reuters Co. (TSE:TRI) Receives C$163.00 Consensus PT from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given a consensus rating of “Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and four have given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$163.00.

TRI has been the topic of several recent analyst reports. Scotia decreased their price target on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Argus raised Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, 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.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$114.09 on Monday. The stock’s fifty day simple moving average is C$120.97 and its 200 day simple moving average is C$143.15. The company has a debt-to-equity ratio of 20.72, a current ratio of 0.60 and a quick ratio of 0.52. The firm has a market cap of C$49.80 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 3.64 and a beta of 0.08. Thomson Reuters has a one year low of C$107.91 and a one year high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. The business had revenue of C$2.90 billion for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.83%. On average, analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insider Activity at Thomson Reuters

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$127.34, for a total value of C$8,277,100.00. Following the transaction, the insider owned 312,653,088 shares of the company’s stock, valued at approximately C$39,813,244,225.92. The trade was a 0.02% decrease in their ownership of the stock. Also, Director Sean Cannizzaro sold 320 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the transaction, the director directly owned 1,075 shares in the company, valued at approximately C$140,502.50. This represents a 22.94% decrease in their position. Insiders have sold a total of 203,497 shares of company stock valued at $25,834,679 in the last 90 days. 69.76% of the stock is owned by corporate insiders.

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.