Insider Selling: Thomson Reuters (TSE:TRI) Director Sells 2,864 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52.

Thomson Reuters Stock Down 2.0%

TSE TRI traded down C$2.42 during trading hours on Tuesday, reaching C$119.60. 1,067,793 shares of the company’s stock were exchanged, compared to its average volume of 849,380. The company’s 50-day moving average is C$128.54 and its two-hundred day moving average is C$156.88. Thomson Reuters Co. has a one year low of C$109.20 and a one year high of C$299.24. The company has a debt-to-equity ratio of 20.72, a quick ratio of 0.52 and a current ratio of 0.60. The company has a market capitalization of C$52.21 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11.

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 for the quarter. The firm had revenue of C$2.90 billion for the quarter. Thomson Reuters had a net margin of 19.92% and a return on equity of 12.64%. On average, analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Securities cut their price target on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wells Fargo & Company downgraded Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, February 10th. Finally, TD upped their price target on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$163.00.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.