Thomson Reuters Co. (TSE:TRI) Receives Average Recommendation of “Buy” from Analysts

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has received a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$163.00.

TRI has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. National Bank Financial decreased their target price on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research report on Sunday, February 8th. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Scotia decreased their target price on Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research report on Wednesday, May 6th.

Insider Activity

In other news, Director Sean Cannizzaro sold 320 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the sale, the director directly owned 1,075 shares of the company’s stock, valued at approximately C$140,502.50. This represents a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Over the last three months, insiders sold 203,497 shares of company stock valued at $25,834,679. 69.76% of the stock is owned by company insiders.

Thomson Reuters Stock Performance

TSE:TRI opened at C$120.12 on Monday. The stock’s 50 day moving average price is C$122.03 and its 200 day moving average price is C$145.45. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$299.24. The company has a market capitalization of C$52.44 billion, a P/E ratio of 34.78, 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 quick ratio of 0.52 and a current ratio of 0.60.

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 during the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.83%. On average, research analysts forecast that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Thomson Reuters Company Profile

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.