Thomson Reuters (TSE:TRI) Trading 5.1% Higher – What’s Next?

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shot up 5.1% during mid-day trading on Thursday . The stock traded as high as C$140.87 and last traded at C$140.72. Approximately 224,597 shares were traded during trading, a decline of 72% from the average session volume of 814,200 shares. The stock had previously closed at C$133.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD lifted their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. National Bank Financial dropped their price objective on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research note on Wednesday. Scotia dropped their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Argus upgraded shares of Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Four equities 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$162.33.

Thomson Reuters Price Performance

The company has a market capitalization of C$58.79 billion, a PE ratio of 39.00, a PEG ratio of 3.64 and a beta of 0.06. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71. The company’s 50 day moving average price is C$119.28 and its 200-day moving average price is C$132.28.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%.The business had revenue of C$2.90 billion for the quarter. On average, sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Insider Transactions at Thomson Reuters

In other news, Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the transaction, the director directly owned 1,075 shares of the company’s stock, valued at C$140,502.50. The trade was a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Over the last 90 days, insiders sold 3,497 shares of company stock worth $432,829. Company insiders own 69.76% of the company’s stock.

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.