Thomson Reuters Co. (TSE:TRI) Receives C$166.33 Average Target Price from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average rating of “Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$166.33.

A number of research analysts have issued reports on the company. TD boosted their target price on Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Scotia cut their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. Finally, National Bank Financial boosted their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$150.21 on Friday. Thomson Reuters has a 12-month low of C$107.91 and a 12-month high of C$248.50. The firm has a market capitalization of C$65.07 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. The firm has a fifty day moving average of C$131.34 and a 200-day moving average of C$126.61.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released 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 21.22% and a return on equity of 14.27%. On average, equities research analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Activity at Thomson Reuters

In other news, insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the transaction, the insider owned 2,210 shares in the company, valued at C$330,638.10. This represents a 46.88% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 299 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the sale, the insider directly owned 21,848 shares of the company’s stock, valued at C$3,054,787.36. This represents a 1.35% decrease in their position. Insiders have sold a total of 4,950 shares of company stock worth $711,118 over the last 90 days. Corporate 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.