Thomson Reuters Co. (TSE:TRI) Receives C$167.20 Consensus PT from Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$167.20.

TRI has been the topic of several analyst reports. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. TD Securities decreased their target price on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce cut their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada raised shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Finally, National Bank Financial decreased their price objective on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a report on Sunday, February 8th.

Thomson Reuters Price Performance

TRI opened at C$132.44 on Friday. The company has a fifty day moving average price of C$127.49 and a two-hundred day moving average price of C$165.37. The firm has a market capitalization of C$58.67 billion, a PE ratio of 39.77, a P/E/G ratio of 3.64 and a beta of 0.11. Thomson Reuters has a 52 week low of C$109.20 and a 52 week high of C$299.24. The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.52 and a current ratio of 0.64.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%.The business had revenue of C$2.76 billion for the quarter. As a group, analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In other news, insider The Woodbridge Company Limited sold 135,000 shares of Thomson Reuters stock in a transaction on Friday, March 20th. The shares were sold at an average price of C$126.85, for a total transaction of C$17,124,750.00. Following the transaction, the insider directly owned 312,518,088 shares of the company’s stock, valued at C$39,642,919,462.80. This trade represents a 0.04% decrease in their ownership of the stock. 69.76% of the stock is currently owned by corporate insiders.

About Thomson Reuters

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.