National Bank Financial Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective hoisted by National Bank Financial from C$171.00 to C$180.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 29.63% from the company’s current price.

Several other research firms have also weighed in on TRI. Scotia lowered their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th. TD lifted their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Argus raised Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Thomson Reuters currently has an average rating of “Buy” and an average target price of C$166.33.

Thomson Reuters Trading Up 1.0%

TSE:TRI traded up C$1.37 on Thursday, reaching C$138.86. 417,210 shares of the stock traded hands, compared to its average volume of 824,086. The firm has a market capitalization of C$60.62 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$251.55. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71. The company’s 50 day moving average is C$124.41 and its 200-day moving average is C$128.07.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The company had revenue of C$2.78 billion for the quarter. Equities research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insider Buying and Selling

In other Thomson Reuters news, Director Jason Williams sold 2,864 shares of the firm’s 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 value of C$349,923.52. Company 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.