Thomson Reuters (TSE:TRI) Shares Down 9.4% – Should You Sell?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) traded down 9.4% during mid-day trading on Wednesday . The stock traded as low as C$138.37 and last traded at C$138.74. Approximately 622,615 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 819,307 shares. The stock had previously closed at C$153.12.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. National Bank Financial decreased their price objective on Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Argus raised Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Scotia dropped their price target on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, TD lifted their target price on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thomson Reuters presently has an average rating of “Buy” and an average price target of C$162.33.

Thomson Reuters Price Performance

The company has a debt-to-equity ratio of 22.71, a current ratio of 0.60 and a quick ratio of 0.52. The stock has a market cap of C$60.86 billion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 3.64 and a beta of 0.08. The stock has a fifty day moving average of C$123.93 and a 200 day moving average of C$128.32.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings data 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 net margin of 19.93% and a return on equity of 12.70%. On average, analysts expect that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Insider Activity

In related news, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction that occurred on Monday, May 11th. The stock was 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 business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the transaction, the director directly owned 1,075 shares of the company’s stock, valued at C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. In the last three months, insiders sold 3,497 shares of company stock valued at $432,829. Insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.