TD Forecasts Strong Price Appreciation for Thomson Reuters (TSE:TRI) Stock

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective lifted by equities researchers at TD from C$185.00 to C$200.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 44.03% from the company’s current price.

TRI has been the subject of several other research reports. National Bank Financial lowered their target price on shares of Thomson Reuters from C$175.00 to C$171.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Scotia decreased their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 6th. Finally, Argus raised shares of Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$166.33.

Thomson Reuters Stock Performance

TSE:TRI traded up C$1.37 during trading hours on Thursday, reaching C$138.86. 417,210 shares of the stock were exchanged, compared to its average volume of 824,086. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71. The firm has a 50 day simple moving average of C$124.41 and a 200-day simple moving average of C$128.07. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$251.55. The stock has a market capitalization of C$60.62 billion, a P/E ratio of 40.21, a P/E/G ratio of 3.64 and a beta of 0.08.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The business had revenue of C$2.78 billion during the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%. As a group, sell-side analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Thomson Reuters news, Director Jason Williams sold 2,864 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. 69.76% of the stock is currently owned by corporate insiders.

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.