Elizabeth Florence Zimick Sells 1,950 Shares of Thomson Reuters (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the sale, the insider directly owned 2,210 shares in the company, valued at approximately C$330,638.10. This represents a 46.88% decrease in their ownership of the stock.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$144.70 on Thursday. Thomson Reuters Co. has a twelve month low of C$107.91 and a twelve month high of C$248.50. The firm has a fifty day simple moving average of C$129.28 and a 200 day simple moving average of C$126.49. The company has a market capitalization of C$62.69 billion, a PE ratio of 38.52, a P/E/G ratio of 3.64 and a beta of 0.08. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The business had revenue of C$2.78 billion for the quarter. On average, sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRI. Argus upgraded Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. National Bank Financial lifted their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Scotia dropped their target price 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. Finally, TD increased their target price on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Three investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$166.33.

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.