National Bankshares Downgrades Thomson Reuters (TSE:TRI) to Sector Perform

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$217.00 price target on the stock, up from their prior price target of C$210.00. National Bankshares’ target price would suggest a potential upside of 3.78% from the stock’s previous close.

Several other brokerages have also issued reports on TRI. Canaccord Genuity Group upped their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets upped their price target on Thomson Reuters from C$211.00 to C$222.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Royal Bank of Canada upped their price target on Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. TD Securities upped their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Finally, CIBC upped their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Thomson Reuters has an average rating of “Hold” and an average price target of C$182.56.

Thomson Reuters Price Performance

Thomson Reuters stock opened at C$209.09 on Tuesday. The company has a debt-to-equity ratio of 32.01, a quick ratio of 0.52 and a current ratio of 0.90. The firm has a market cap of C$94.37 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.64 and a beta of 0.38. The business’s fifty day moving average is C$211.51 and its two-hundred day moving average is C$196.62. Thomson Reuters has a 52 week low of C$159.25 and a 52 week high of C$217.83.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, topping analysts’ consensus estimates of C$1.25 by C$0.09. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. Equities research analysts forecast that Thomson Reuters will post 4.9537409 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Thomson Reuters news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In related news, Senior Officer David Franklin Wong sold 600 shares of Thomson Reuters stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. Corporate insiders own 69.49% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.