Thomson Reuters Co. (TSE:TRI) Receives C$166.33 Consensus PT from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$166.33.

A number of brokerages recently commented on TRI. National Bank Financial raised their price target on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. TD set a C$200.00 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, September 10th.

Thomson Reuters Stock Down 5.0%

Shares of TSE TRI opened at C$132.18 on Wednesday. The firm’s fifty day moving average is C$140.39 and its 200 day moving average is C$129.37. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$230.00. 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 company has a market cap of C$57.26 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 3.64 and a beta of 0.07.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The firm 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 expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, insider Elizabeth Florence Zimick sold 1,950 shares of the firm’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 transaction of C$291,739.50. Following the completion of the transaction, the insider owned 2,210 shares of the company’s stock, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 2,701 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the transaction, the insider directly owned 19,147 shares of the company’s stock, valued at C$2,676,559.13. This represents a 12.36% decrease in their position. Over the last 90 days, insiders sold 269,950 shares of company stock valued at $39,594,818. 69.76% of the stock is currently owned by company insiders.

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.