Brokerages Set Thomson Reuters Co. (TSE:TRI) Price Target at C$252.40

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$252.40.

A number of equities research analysts have recently weighed in on the company. 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. Scotiabank downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Friday, May 2nd. National Bankshares raised their target price on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Bank of America set a C$255.00 price target on Thomson Reuters and gave the stock a “neutral” rating in a research report on Thursday, April 10th. Finally, BMO Capital Markets lifted their price objective on Thomson Reuters from C$265.00 to C$280.00 and gave the company an “outperform” rating in a report on Friday, May 2nd.

Insider Buying and Selling

In other news, Director Kerry Hendrikx sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$247.06, for a total transaction of C$370,591.65. Also, Director Sean Cannizzaro sold 232 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$254.69, for a total transaction of C$59,088.73. Following the completion of the transaction, the director now owns 566 shares of the company’s stock, valued at approximately C$144,156.12. This trade represents a 29.07 % decrease in their position. Insiders sold a total of 20,221 shares of company stock worth $5,098,267 in the last ninety days. 69.76% of the stock is owned by insiders.

Thomson Reuters Stock Up 0.3 %

Shares of TRI opened at C$261.13 on Friday. The firm’s 50-day simple moving average is C$248.20 and its 200 day simple moving average is C$240.77. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. The firm has a market cap of C$82.49 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. Thomson Reuters has a 52 week low of C$214.51 and a 52 week high of C$262.91.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share 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 company posted $0.98 earnings per share. On average, analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

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.