Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$166.33

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two 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 12-month price target among analysts that have issued a report on the stock in the last year is C$166.33.

Several analysts have issued reports on TRI shares. Scotia dropped their target price on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th. TD upped their price objective on 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, National Bank Financial raised 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 opened at C$147.53 on Friday. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The company has a 50 day moving average price of C$133.90 and a 200-day moving average price of C$127.19. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$248.50. The stock has a market capitalization of C$63.91 billion, a PE ratio of 39.27, a PEG ratio of 3.64 and a beta of 0.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. The company had revenue of C$2.78 billion for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. Equities analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In other news, insider The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the transaction, the insider owned 306,093,126 shares of the company’s stock, valued at C$44,499,818,657.88. The trade was a 0.02% decrease in their position. Also, insider David Franklin Wong sold 299 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 21,848 shares of the company’s stock, valued at approximately C$3,054,787.36. This trade represents a 1.35% decrease in their position. Over the last ninety days, insiders sold 269,950 shares of company stock valued at $39,594,818. 69.76% of the stock is currently owned by insiders.

About Thomson Reuters

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.