Thomson Reuters (TSE:TRI) Given a C$255.00 Price Target by Bank of America Analysts

Thomson Reuters (TSE:TRI) (NYSE:TRI) has been given a C$255.00 price target by analysts at Bank of America in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 9.43% from the company’s current price.

A number of other analysts have also commented on TRI. BMO Capital Markets increased their price objective on Thomson Reuters from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. National Bankshares boosted their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, TD Securities increased their price target on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$266.50.

Thomson Reuters Price Performance

Shares of TSE TRI traded down C$6.86 during trading on Thursday, hitting C$233.03. 137,516 shares of the company were exchanged, compared to its average volume of 358,332. The company has a debt-to-equity ratio of 24.28, a current ratio of 0.94 and a quick ratio of 0.52. Thomson Reuters has a 1 year low of C$205.67 and a 1 year high of C$260.45. The company has a market cap of C$73.62 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.64 and a beta of 0.40. The firm’s fifty day moving average price is C$247.51 and its 200 day moving average price is C$237.44.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, sell-side analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 2,256 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. Also, Director Kerry Hendrikx sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total value of C$370,591.65. 69.76% of the stock is currently owned by corporate insiders.

Thomson Reuters Company Profile

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.