Insider Buying: Thomson Reuters (TSE:TRI) Director Buys 108 Shares of Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Peter Thomson bought 108 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average cost of C$185.33 per share, with a total value of C$20,015.64. Following the transaction, the director owned 1,715 shares of the company’s stock, valued at C$317,840.95. This trade represents a 6.72% increase in their ownership of the stock.

Thomson Reuters Stock Down 0.9%

TSE:TRI traded down C$1.61 during trading hours on Thursday, hitting C$180.50. 285,961 shares of the company’s stock traded hands, compared to its average volume of 406,004. The stock’s fifty day moving average price is C$200.13 and its two-hundred day moving average price is C$234.94. The firm has a market cap of C$80.29 billion, a P/E ratio of 46.40, a P/E/G ratio of 3.64 and a beta of 0.20. The company has a debt-to-equity ratio of 24.28, a quick ratio of 0.52 and a current ratio of 0.94. Thomson Reuters Co. has a twelve month low of C$177.00 and a twelve month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Tuesday, November 4th. The company reported C$0.85 earnings per share for the quarter. The company had revenue of C$2.48 billion for the quarter. Thomson Reuters had a return on equity of 20.19% and a net margin of 32.12%. On average, research analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Canaccord Genuity Group upgraded shares of Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. TD Securities upgraded Thomson Reuters from a “hold” rating to a “buy” rating and boosted their price target for the company from C$275.00 to C$285.00 in a research note on Thursday, August 28th. Huber Research upgraded Thomson Reuters to a “strong-buy” rating in a research report on Monday, October 20th. The Goldman Sachs Group raised Thomson Reuters from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company upgraded Thomson Reuters from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 9th. Six analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Strong Buy” and a consensus target price of C$265.80.

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.