Thomson Reuters Co. (TSE:TRI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average rating of “Buy” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$166.33.

TRI has been the subject of several research analyst reports. TD set a C$200.00 price objective on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, September 10th. National Bank Financial raised their target price on Thomson Reuters from C$171.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th.

Thomson Reuters Stock Performance

Shares of TRI stock opened at C$134.66 on Wednesday. The company has a 50 day moving average price of C$140.52 and a 200-day moving average price of C$129.19. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$230.00. The firm has a market capitalization of C$58.34 billion, a PE ratio of 35.85, a P/E/G ratio of 3.64 and a beta of 0.07. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The company had revenue of C$2.78 billion for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. As a group, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, insider The Woodbridge Company Limited sold 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the completion of the transaction, the insider directly owned 306,093,126 shares in the company, valued at approximately C$44,499,818,657.88. The trade was a 0.02% decrease in their position. Also, insider David Franklin Wong sold 299 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the completion of the sale, the insider directly owned 21,848 shares of the company’s stock, valued at C$3,054,787.36. This represents a 1.35% decrease in their ownership of the stock. Over the last quarter, insiders sold 269,950 shares of company stock valued at $39,594,818. Company insiders own 69.76% of the company’s stock.

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.