Thomson Reuters (TSE:TRI) Director Sells C$349,923.52 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Jason Williams sold 2,864 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52.

Thomson Reuters Stock Performance

Shares of TRI opened at C$108.61 on Friday. The firm has a market cap of C$47.41 billion, a PE ratio of 31.45, a PEG ratio of 3.64 and a beta of 0.11. The stock’s fifty day moving average price is C$127.36 and its two-hundred day moving average price is C$155.22. The company has a debt-to-equity ratio of 20.72, a current ratio of 0.60 and a quick ratio of 0.52. Thomson Reuters Co. has a 1 year low of C$107.91 and a 1 year high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The firm had revenue of C$2.90 billion for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%. On average, equities research analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. National Bank Financial lowered their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. TD Securities decreased their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. TD boosted their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce decreased their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, BMO Capital Markets decreased their price objective on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$163.00.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.