Thomson Reuters (TSE:TRI) Insider Elizabeth Florence Zimick Sells 1,950 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following 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 position.

Thomson Reuters Trading Up 2.1%

TSE:TRI opened at C$140.33 on Wednesday. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52. The firm has a market capitalization of C$60.79 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. Thomson Reuters Co. has a one year low of C$107.91 and a one year high of C$248.50. The business has a fifty day moving average price of C$128.68 and a 200-day moving average price of C$126.54.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.The company had revenue of C$2.78 billion for the quarter. Sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TRI shares. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. National Bank Financial increased their target price on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. TD raised their target price on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Scotia lowered their price target on shares of 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. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$166.33.

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.