Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$162.33

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$162.33.

A number of analysts recently commented on the company. Argus upgraded Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. TD lifted their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. National Bank Financial dropped their price objective on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Finally, Scotia lowered their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 6th.

Insiders Place Their Bets

In other news, Director Sean Cannizzaro sold 320 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the sale, the director owned 1,075 shares of the company’s stock, valued at C$140,502.50. This represents a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Insiders sold 3,497 shares of company stock worth $432,829 in the last quarter. 69.76% of the stock is owned by insiders.

Thomson Reuters Stock Down 7.3%

TRI opened at C$138.41 on Tuesday. The company has a market cap of C$60.42 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 3.64 and a beta of 0.06. Thomson Reuters has a one year low of C$107.91 and a one year high of C$280.88. The business’s fifty day moving average is C$122.44 and its two-hundred day moving average is C$129.05. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The firm had revenue of C$2.90 billion during the quarter. Analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

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.