Thomson Reuters (TSE:TRI) Shares Up 5.9% – Still a Buy?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) rose 5.9% on Thursday. The stock traded as high as C$173.28 and last traded at C$171.40. 324,680 shares were traded during mid-day trading, a decline of 58% from the average session volume of 778,670 shares. The stock had previously closed at C$161.89.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. National Bank Financial lifted their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Tuesday. Finally, TD set a C$200.00 price target on shares of Thomson Reuters and gave the stock a “buy” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$166.33.

Thomson Reuters Stock Performance

The company has a 50-day moving average price of C$143.72 and a two-hundred day moving average price of C$131.22. The company has a current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56. The stock has a market capitalization of C$74.71 billion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The business had revenue of C$2.78 billion during the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. On average, equities analysts forecast that Thomson Reuters Co. will post 5.64 earnings per share for the current year.

Insider Transactions at Thomson Reuters

In other news, insider The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the completion of the sale, the insider owned 306,093,126 shares in the company, valued at C$44,499,818,657.88. The trade was a 0.02% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the sale, the insider owned 2,210 shares of the company’s stock, valued at C$330,638.10. This represents a 46.88% decrease in their position. Insiders sold a total of 269,950 shares of company stock valued at $39,594,818 in the last quarter. 69.76% of the stock is currently owned by company 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.