Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. They presently have a C$217.00 price target on the stock, up from their prior price target of C$210.00. National Bankshares’ price objective would suggest a potential upside of 3.42% from the stock’s previous close.
Several other analysts have also commented on the stock. National Bank Financial lowered shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. BMO Capital Markets raised their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. TD Securities upped their price objective on Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. CIBC boosted their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada raised their price objective on Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$182.56.
Thomson Reuters Stock Performance
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.52 billion. On average, sell-side analysts forecast that Thomson Reuters will post 4.9537409 EPS for the current fiscal year.
Insider Transactions at Thomson Reuters
In other news, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. In related news, Director Linda Walker sold 4,750 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Company insiders own 69.49% of the company’s stock.
About Thomson Reuters
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.
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