Thomson Reuters (TSE:TRI) Stock Moved Up to Strong-Buy by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) to a strong-buy rating in a report released on Tuesday,Zacks reports.

Several other research analysts have also weighed in on the stock. National Bank Financial boosted their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research note 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 report on Thursday, September 10th. Two equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$166.33.

Thomson Reuters Price Performance

Shares of TRI opened at C$158.42 on Tuesday. The company has a market cap of C$68.64 billion, a price-to-earnings ratio of 42.17, a PEG 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$230.00. The company’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 current ratio of 0.51, a quick ratio of 0.52 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. The firm had revenue of C$2.78 billion for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. On average, research analysts forecast that Thomson Reuters will post 5.64 earnings per share for the current fiscal year.

Insider Transactions at Thomson Reuters

In other news, insider David Franklin Wong sold 2,701 shares of Thomson Reuters stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the completion of the transaction, the insider directly owned 19,147 shares in the company, valued at approximately C$2,676,559.13. The trade was a 12.36% decrease in their position. Also, insider The Woodbridge Company Limited sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the transaction, the insider directly owned 306,223,126 shares in the company, valued at C$45,379,205,041.94. The trade was a 0.04% decrease in their ownership of the stock. In the last three months, insiders sold 269,950 shares of company stock worth $39,594,818. 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.