Brokerages Set Thomson Reuters Co. (TSE:TRI) Target Price at C$163.00

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$163.00.

TRI has been the topic of a number of analyst reports. TD increased their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Scotia reduced their price target on 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, Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd.

Thomson Reuters Stock Performance

TSE TRI opened at C$114.09 on Monday. The company has a market cap of C$49.80 billion, a P/E ratio of 33.04, a P/E/G ratio of 3.64 and a beta of 0.08. The company has a debt-to-equity ratio of 20.72, a current ratio of 0.60 and a quick ratio of 0.52. The stock has a 50-day moving average of C$120.97 and a two-hundred day moving average of C$142.84. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$299.24.

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

Insider Buying and Selling

In related news, insider The Woodbridge Company Limited sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of C$127.34, for a total transaction of C$8,277,100.00. Following the completion of the sale, the insider owned 312,653,088 shares in the company, valued at C$39,813,244,225.92. The trade was a 0.02% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total value of C$349,923.52. Insiders sold a total of 203,497 shares of company stock worth $25,834,679 over the last 90 days. 69.76% of the stock is owned by insiders.

About Thomson Reuters

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.