Thomson Reuters (TSE:TRI) Raised to Strong-Buy at Jefferies Financial Group

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other brokerages have also recently issued reports on TRI. National Bank Financial lifted their price objective on Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD set a C$200.00 target price on shares of Thomson Reuters and gave the company a “buy” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$166.33.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$158.42 on Tuesday. The stock’s fifty day simple moving average is C$143.34 and its 200 day simple moving average is C$130.96. 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 cap of C$68.64 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 3.64 and a beta of 0.06. Thomson Reuters has a one year low of C$107.91 and a one year high of C$230.00.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly 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 firm had revenue of C$2.78 billion for the quarter. On average, analysts expect that Thomson Reuters will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In other news, insider Elizabeth Florence Zimick sold 1,950 shares of the business’s 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 completion of the sale, the insider owned 2,210 shares in the company, valued at C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. Also, insider David Franklin Wong sold 2,701 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total value of C$377,572.79. Following the sale, the insider owned 19,147 shares of the company’s stock, valued at approximately C$2,676,559.13. The trade was a 12.36% decrease in their position. In the last ninety days, insiders have sold 269,950 shares of company stock worth $39,594,818. Insiders own 69.76% of the company’s stock.

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.