Thomson Reuters (TSE:TRI) Director Michael Goddard Sells 133 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Michael Goddard sold 133 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$131.86, for a total transaction of C$17,537.38. Following the completion of the sale, the director directly owned -2 shares of the company’s stock, valued at approximately C($263.72). This trade represents a 101.53% decrease in their ownership of the stock.

Thomson Reuters Stock Performance

TRI traded down C$2.42 on Tuesday, hitting C$119.60. 1,067,793 shares of the stock traded hands, compared to its average volume of 849,380. The business has a fifty day moving average price of C$128.54 and a two-hundred day moving average price of C$156.88. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 20.72. Thomson Reuters Co. has a 52 week low of C$109.20 and a 52 week high of C$299.24. The firm has a market capitalization of C$52.21 billion, a PE ratio of 34.63, a P/E/G ratio of 3.64 and a beta of 0.11.

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. The business had revenue of C$2.90 billion for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%. On average, research analysts predict that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Analyst Ratings Changes

TRI has been the subject of a number of analyst reports. National Bank Financial reduced 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. Argus upgraded Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce cut their target price on Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Scotia reduced 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 note on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$163.00.

Thomson Reuters Company Profile

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.