Thomson Reuters (TSE:TRI) Price Target Cut to C$171.00 by Analysts at National Bank Financial

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target decreased by investment analysts at National Bank Financial from C$175.00 to C$171.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 27.83% from the company’s previous close.

A number of other research analysts also recently commented on the company. TD boosted their price target on 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 report on Wednesday, April 22nd. Scotia decreased their price target on 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 downgraded Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$162.33.

Thomson Reuters Stock Performance

TSE TRI traded up C$4.77 during trading on Wednesday, reaching C$133.77. The company’s stock had a trading volume of 501,546 shares, compared to its average volume of 814,761. The firm has a 50 day moving average price of C$118.74 and a 200 day moving average price of C$132.90. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$291.44. The firm has a market capitalization of C$58.40 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 22.71.

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 company had revenue of C$2.90 billion during the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. As a group, equities analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

Insider Activity

In other news, Director Jason Williams sold 2,864 shares of the firm’s 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. Also, Director Sean Cannizzaro sold 320 shares of Thomson Reuters stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$130.70, for a total value of C$41,824.00. Following the completion of the sale, the director directly owned 1,075 shares in the company, valued at C$140,502.50. This trade represents a 22.94% decrease in their ownership of the stock. Insiders have sold a total of 3,497 shares of company stock valued at $432,829 in the last three months. Insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

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.