Thomson Reuters Co. (TSE:TRI) Given Average Rating of “Buy” by Analysts

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$163.00.

Several research analysts have recently weighed in on the stock. TD boosted their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Argus upgraded shares of Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Scotia decreased their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In related news, Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction 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 owned 1,075 shares of the company’s stock, valued at C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of the company’s stock in a transaction 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 90 days, insiders sold 3,497 shares of company stock worth $432,829. Company insiders own 69.76% of the company’s stock.

Thomson Reuters Price Performance

Shares of TSE:TRI opened at C$126.62 on Friday. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$299.24. The business has a 50-day simple moving average of C$118.45 and a two-hundred day simple moving average of C$135.98. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60. The firm has a market cap of C$55.27 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly 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, analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

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.