Research Analysts Offer Predictions for Thomson Reuters Corp’s Q3 2017 Earnings (TRI)
Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) – Investment analysts at National Bank Financial increased their Q3 2017 earnings per share (EPS) estimates for Thomson Reuters Corp in a research report issued to clients and investors on Sunday. National Bank Financial analyst A. Shine now anticipates that the company will earn $0.76 per share for the quarter, up from their prior estimate of $0.71. National Bank Financial has a “Outperform” rating and a $66.00 price objective on the stock. National Bank Financial also issued estimates for Thomson Reuters Corp’s FY2017 earnings at $3.16 EPS, FY2018 earnings at $3.40 EPS and FY2019 earnings at $3.71 EPS.
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Several other analysts have also weighed in on TRI. TD Securities lifted their price objective on shares of Thomson Reuters Corp from C$61.00 to C$65.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Scotiabank lifted their price objective on shares of Thomson Reuters Corp to C$47.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$59.00 price objective on shares of Thomson Reuters Corp in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$60.88.
Thomson Reuters Corp (TRI) opened at 60.32 on Tuesday. Thomson Reuters Corp has a one year low of $52.94 and a one year high of $62.83. The firm has a market cap of $43.11 billion and a PE ratio of 14.81. The company’s 50-day moving average is $57.83 and its 200 day moving average is $58.65.
In other Thomson Reuters Corp news, insider Stephane Bello sold 78,800 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of C$47.58, for a total transaction of C$3,749,304.00. Also, Director Neil Thomas Masterson sold 92,165 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of C$47.52, for a total transaction of C$4,379,680.80. Insiders have sold a total of 262,421 shares of company stock valued at $12,324,147 in the last 90 days.
About Thomson Reuters Corp
Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.
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