National Bank Financial Cuts Thomson Reuters (TSE:TRI) Price Target to C$171.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective cut by National Bank Financial from C$175.00 to C$171.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. Scotia dropped their target price on 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. Argus raised shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company cut shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, TD raised their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$162.33.

Thomson Reuters Stock Performance

TRI stock opened at C$134.68 on Wednesday. The company has a market cap of C$58.79 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. Thomson Reuters has a 1 year low of C$107.91 and a 1 year high of C$289.62. The company has a debt-to-equity ratio of 22.71, a current ratio of 0.60 and a quick ratio of 0.52. The stock’s fifty 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 quarterly earnings data on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. The company had revenue of C$2.90 billion during the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%. On average, equities analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the transaction, the director directly owned 1,075 shares in the company, valued at approximately C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the business’s 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. Insiders have sold 3,497 shares of company stock worth $432,829 over the last quarter. 69.76% of the stock is owned by company insiders.

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.