Thomson Reuters (TSE:TRI) PT Raised to C$230.00 at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by analysts at TD Securities from C$225.00 to C$230.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 2.08% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. National Bankshares boosted their price target on Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday. Royal Bank of Canada boosted their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on shares of Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. National Bank Financial cut shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group increased their price objective on shares of Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Thomson Reuters currently has an average rating of “Hold” and a consensus target price of C$183.33.

Thomson Reuters Trading Up 1.2 %

TSE TRI opened at C$225.32 on Friday. The company has a market cap of C$101.60 billion, a P/E ratio of 31.74, a P/E/G ratio of 3.64 and a beta of 0.38. Thomson Reuters has a 12 month low of C$160.72 and a 12 month high of C$227.22. The company has a debt-to-equity ratio of 36.91, a current ratio of 0.97 and a quick ratio of 0.52. The company has a 50-day moving average of C$211.41 and a 200-day moving average of C$198.44.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The firm had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. As a group, equities analysts predict that Thomson Reuters will post 5.047491 earnings per share for the current year.

Insider Buying and Selling

In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. In related news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. 69.49% of the stock is currently owned by 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.