Brokerages Set Thomson Reuters Co. (TSE:TRI) Price Target at C$162.33

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$162.33.

A number of equities research analysts have recently weighed in on the stock. TD raised their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. National Bank Financial dropped their target price on Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Argus upgraded Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Scotia decreased their price target on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 6th.

Insider Transactions at Thomson Reuters

In other news, Director Jason Williams sold 2,864 shares of the firm’s stock in a transaction dated 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 dated Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the sale, the director directly owned 1,075 shares in the company, valued at C$140,502.50. This trade represents a 22.94% decrease in their position. In the last quarter, insiders sold 3,497 shares of company stock worth $432,829. Company insiders own 69.76% of the company’s stock.

Thomson Reuters Stock Down 0.6%

Shares of TSE:TRI opened at C$137.52 on Tuesday. The firm’s 50 day moving average price is C$122.82 and its 200 day moving average price is C$129.11. The stock has a market cap of C$60.03 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$280.88. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. The company had revenue of C$2.90 billion during the quarter. As a group, equities research analysts predict that Thomson Reuters will post 5.6395803 earnings per share 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.