Thomson Reuters Co. (TSE:TRI) Receives C$162.33 Consensus Price Target from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned an average rating of “Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$162.33.

Several research analysts have weighed in on TRI shares. TD increased their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. National Bank Financial reduced their target price on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Argus upgraded shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Scotia lowered their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$137.52 on Tuesday. The company has a market capitalization of C$60.03 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 3.64 and a beta of 0.06. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$280.88. The stock’s 50 day moving average is C$123.18 and its 200-day moving average is C$128.49.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. The business had revenue of C$2.90 billion during the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%. Equities research analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

Insider Buying and Selling

In other news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. Also, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the transaction, the director directly owned 1,075 shares in the company, valued at C$140,502.50. This represents a 22.94% decrease in their ownership of the stock. In the last 90 days, insiders have sold 3,497 shares of company stock worth $432,829. Company insiders own 69.76% of the company’s stock.

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.