Jason Williams Sells 2,864 Shares of Thomson Reuters (TSE:TRI) Stock

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

Thomson Reuters Trading Down 5.8%

Thomson Reuters stock opened at C$112.62 on Thursday. The firm has a 50-day moving average of C$128.07 and a 200-day moving average of C$156.06. 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 current ratio of 0.60 and a quick ratio of 0.52. The company has a market cap of C$49.16 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 3.64 and a beta of 0.11.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. Thomson Reuters had a net margin of 19.92% and a return on equity of 12.64%. The business had revenue of C$2.90 billion during the quarter. On average, equities analysts expect that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. National Bank Financial cut their target price on shares of 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. Argus upgraded shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Finally, TD raised their price objective on shares of 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 issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of “Buy” and a consensus 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.