Thomson Reuters (TSE:TRI) Director Sells C$41,824.00 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total transaction 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. The trade was a 22.94% decrease in their ownership of the stock.

Sean Cannizzaro also recently made the following trade(s):

• On Thursday, May 7th, Sean Cannizzaro sold 180 shares of Thomson Reuters stock. The stock was sold at an average price of C$130.80, for a total transaction of C$23,544.00.

Thomson Reuters Trading Down 2.0%

Shares of TRI stock traded down C$2.42 on Tuesday, hitting C$119.60. 1,067,793 shares of the stock traded hands, compared to its average volume of 849,380. 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 firm’s 50-day moving average price is C$128.54 and its two-hundred day moving average price is C$156.88. Thomson Reuters Co. has a twelve month low of C$109.20 and a twelve month high of C$299.24. The stock has a market capitalization of C$52.21 billion, a PE ratio of 34.63, a PEG ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. The firm had revenue of C$2.90 billion for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%. As a group, analysts anticipate that Thomson Reuters Co. will post 5.6395803 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TRI shares. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Canadian Imperial Bank of Commerce reduced their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a report on Friday, February 6th. TD Securities cut their target price on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Scotia decreased their price objective on 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. Finally, Argus raised Thomson Reuters to a “hold” rating in a research 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Thomson Reuters has a consensus rating of “Buy” and an average price target of C$163.00.

About Thomson Reuters

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.