Thomson Reuters Co. (TSE:TRI) Receives C$163.00 Consensus Price Target from Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given a consensus rating of “Buy” by the twelve analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$163.00.

Several equities analysts recently commented on TRI shares. Scotia cut their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada upgraded shares of Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. TD Securities cut their price target on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. BMO Capital Markets cut their price target on shares of Thomson Reuters from C$275.00 to C$165.00 in a report on Friday, February 6th. Finally, Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$114.06 on Thursday. The firm’s 50-day moving average price is C$126.07 and its 200-day moving average price is C$153.64. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 20.72. The stock has a market capitalization of C$49.79 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 3.64 and a beta of 0.11. Thomson Reuters has a 12-month low of C$107.91 and a 12-month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The firm had revenue of C$2.90 billion for the quarter. Thomson Reuters had a net margin of 19.83% and a return on equity of 12.64%. On average, equities research analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insider Activity at Thomson Reuters

In related news, insider The Woodbridge Company Limited sold 135,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately C$39,642,919,462.80. This represents a 0.04% decrease in their position. Also, Director Sean Cannizzaro sold 320 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total transaction of C$41,824.00. Following the transaction, the director owned 1,075 shares in the company, valued at C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. In the last ninety days, insiders have sold 203,497 shares of company stock worth $25,834,679. Insiders own 69.76% of the company’s stock.

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.