Jason Williams Sells 2,864 Shares of Thomson Reuters (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Jason Williams sold 2,864 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52.

Thomson Reuters Trading Down 2.0%

Shares of TSE TRI traded down C$2.42 during mid-day trading on Tuesday, hitting C$119.60. The company’s stock had a trading volume of 1,067,793 shares, compared to its average volume of 849,380. Thomson Reuters Co. has a one year low of C$109.20 and a one year high of C$299.24. The company’s fifty day simple moving average is C$128.54 and its 200-day simple moving average is C$156.88. 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 stock has a market cap of C$52.21 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. Thomson Reuters had a net margin of 19.92% and a return on equity of 12.64%. The business had revenue of C$2.90 billion during the quarter. On average, sell-side analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRI has been the subject of a number of analyst reports. TD Securities decreased their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Canadian Imperial Bank of Commerce decreased their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Scotia cut their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th. Four 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.com, Thomson Reuters has an average rating of “Buy” and a consensus target price of C$163.00.

Thomson Reuters Company Profile

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.