Thomson Reuters (TSE:TRI) Shares Up 5.9% – Should You Buy?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) shares traded up 5.9% during mid-day trading on Thursday. The company traded as high as C$173.28 and last traded at C$171.40. Approximately 324,680 shares changed hands during trading, a decline of 58% from the average session volume of 778,670 shares. The stock had previously closed at C$161.89.

Analyst Upgrades and Downgrades

TRI has been the subject of several recent research reports. TD set a C$200.00 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, September 10th. Jefferies Financial Group upgraded shares of Thomson Reuters to a “strong-buy” rating in a report on Tuesday. Finally, National Bank Financial raised their target price on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$166.33.

Thomson Reuters Stock Down 0.0%

The company has a market cap of C$74.70 billion, a P/E ratio of 45.90, a P/E/G ratio of 3.64 and a beta of 0.06. 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 business’s 50 day moving average is C$144.79 and its 200 day moving average is C$131.84.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. The business had revenue of C$2.78 billion for the quarter. As a group, equities analysts anticipate that Thomson Reuters Co. will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of Thomson Reuters stock in a transaction dated Wednesday, August 26th. The stock was 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 in the company, valued at C$44,499,818,657.88. The trade was a 0.02% decrease in their ownership of the stock. Also, insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the transaction, the insider owned 2,210 shares in the company, valued at C$330,638.10. This trade represents a 46.88% decrease in their position. Insiders sold 269,950 shares of company stock worth $39,594,818 in the last three months. 69.76% of the stock is 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.