Thomson Reuters (TSE:TRI) Director Michael Goddard Sells 133 Shares

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Michael Goddard sold 133 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$131.86, for a total value of C$17,537.38. Following the sale, the director owned -2 shares of the company’s stock, valued at C($263.72). The trade was a 101.53% decrease in their position.

Thomson Reuters Stock Down 2.0%

Shares of TSE:TRI opened at C$119.60 on Wednesday. The stock has a market capitalization of C$52.21 billion, a P/E ratio of 34.63, a PEG ratio of 3.64 and a beta of 0.11. Thomson Reuters Co. has a 1 year low of C$109.20 and a 1 year high of C$299.24. The stock has a 50-day simple moving average of C$128.54 and a 200-day simple moving average of C$156.88. The company has a debt-to-equity ratio of 20.72, a quick ratio of 0.52 and a current ratio of 0.60.

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 for the quarter. The firm had revenue of C$2.90 billion during the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%. Equities analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on TRI. Argus upgraded Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Scotia lowered 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. TD Securities lowered their price objective on Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday, February 6th. 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, National Bank Financial lowered their price objective on Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Sunday, February 8th. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.