Thomson Reuters (TSE:TRI) Price Target Lowered to C$171.00 at National Bank Financial

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective reduced by National Bank Financial from C$175.00 to C$171.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company downgraded Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Scotia cut their price objective on 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. TD lifted their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Argus upgraded Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Thomson Reuters presently has a consensus rating of “Buy” and a consensus price target of C$162.33.

Thomson Reuters Price Performance

TRI stock opened at C$133.87 on Wednesday. Thomson Reuters has a 1 year low of C$107.91 and a 1 year high of C$291.44. 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 stock’s 50 day moving average price is C$118.90 and its 200 day moving average price is C$132.57. The firm has a market cap of C$58.44 billion, a P/E ratio of 38.77, a PEG ratio of 3.64 and a beta of 0.06.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The company had revenue of C$2.90 billion for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. On average, sell-side analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of the firm’s 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 sale, the director owned 1,075 shares of the company’s stock, valued at approximately C$140,502.50. This trade represents a 22.94% decrease in their position. Also, Director Jason Williams sold 2,864 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$122.18, for a total transaction of C$349,923.52. Insiders have sold 3,497 shares of company stock worth $432,829 over the last 90 days. 69.76% of the stock is currently owned by company 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.