Analysts Set Thomson Reuters Co. (TSE:TRI) PT at C$163.00

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$163.00.

TRI has been the subject of several research analyst reports. Argus raised shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. TD boosted their price target on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Scotia cut their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th.

Insider Buying and Selling

In other Thomson Reuters news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total transaction of C$349,923.52. Also, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the transaction, the director owned 1,075 shares of the company’s stock, valued at C$140,502.50. This represents a 22.94% decrease in their position. Over the last three months, insiders have sold 3,497 shares of company stock valued at $432,829. 69.76% of the stock is owned by corporate insiders.

Thomson Reuters Trading Down 0.3%

TRI stock opened at C$125.66 on Friday. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$299.24. 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 company has a market capitalization of C$54.86 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 3.64 and a beta of 0.06. The business has a 50 day simple moving average of C$118.70 and a two-hundred day simple moving average of C$134.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 19.83% and a return on equity of 12.64%. The firm had revenue of C$2.90 billion for the quarter. Research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

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.