Thomson Reuters Co. (TSE:TRI) Director Sean Cannizzaro Sells 232 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Sean Cannizzaro sold 232 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of C$254.69, for a total transaction of C$59,088.73. Following the sale, the director now directly owns 566 shares of the company’s stock, valued at C$144,156.12. The trade was a 29.07 % decrease in their position.

Thomson Reuters Stock Up 0.3 %

Shares of TSE TRI opened at C$261.13 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 24.28. The company has a market cap of C$82.49 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters Co. has a 12-month low of C$214.51 and a 12-month high of C$262.91. The firm’s 50-day simple moving average is C$248.20 and its 200 day simple moving average is C$240.71.

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

Analyst Ratings Changes

A number of brokerages have issued reports on TRI. TD Securities raised their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Scotiabank downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 2nd. Bank of America set a C$255.00 target price on Thomson Reuters and gave the company a “neutral” rating in a research note on Thursday, April 10th. Canaccord Genuity Group lifted their target price on Thomson Reuters from C$175.00 to C$181.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets raised their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$252.40.

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.