Thomson Reuters Co. (TSE:TRI) Receives C$163.00 Average PT from Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have been given an average rating of “Buy” by the twelve research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$163.00.

A number of research analysts recently commented on TRI shares. TD raised their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Argus upgraded shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lowered their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Scotia lowered their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lowered shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd.

Thomson Reuters Price Performance

Shares of TSE:TRI opened at C$117.25 on Thursday. The firm’s 50 day moving average is C$124.76 and its two-hundred day moving average is C$152.29. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$299.24. The firm has a market capitalization of C$51.18 billion, a P/E ratio of 33.95, a PEG ratio of 3.64 and a beta of 0.11. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 20.72.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 EPS for the quarter. Thomson Reuters had a net margin of 19.83% and a return on equity of 12.64%. The company had revenue of C$2.90 billion for the quarter. Analysts anticipate that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insiders Place Their Bets

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 135,000 shares of Thomson Reuters stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of C$126.85, for a total value of C$17,124,750.00. Following the transaction, the insider owned 312,518,088 shares in the company, valued at approximately C$39,642,919,462.80. The trade was a 0.04% decrease in their ownership of the stock. Also, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total transaction of C$349,923.52. Over the last 90 days, insiders have sold 203,497 shares of company stock worth $25,834,679. 69.76% of the stock is owned by insiders.

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.