Insider Selling: Thomson Reuters (TSE:TRI) Director Sells C$17,537.38 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Michael Goddard sold 133 shares of Thomson Reuters stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$131.86, for a total transaction of C$17,537.38. Following the transaction, the director directly owned -2 shares of the company’s stock, valued at approximately C($263.72). This represents a 101.53% decrease in their ownership of the stock.

Thomson Reuters Stock Performance

Thomson Reuters stock opened at C$108.61 on Friday. The company has a debt-to-equity ratio of 20.72, a current ratio of 0.60 and a quick ratio of 0.52. The firm has a market capitalization of C$47.41 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11. Thomson Reuters Co. has a 1-year low of C$107.91 and a 1-year high of C$299.24. The company’s 50-day moving average is C$127.36 and its 200 day moving average is C$155.22.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRI. BMO Capital Markets lowered their target price on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Argus raised shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. National Bank Financial dropped their target price on shares of 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. Wells Fargo & Company lowered shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of “Buy” and an average target price of C$163.00.

About Thomson Reuters

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.