Thomson Reuters (TSE:TRI) Stock Rating Lowered by National Bankshares

Thomson Reuters (TSE:TRI) (NYSE:TRI) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$217.00 target price on the stock, up from their previous target price of C$210.00. National Bankshares’ price objective would suggest a potential upside of 3.42% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. CIBC boosted their target price on shares of Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. TD Securities upped their price objective on shares of Thomson Reuters from C$210.00 to C$225.00 and gave the company a “hold” rating in a research report on Wednesday, March 13th. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. National Bank Financial lowered shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. Finally, Canaccord Genuity Group upped their price objective on Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$182.56.

Thomson Reuters Stock Performance

TRI traded up C$0.24 during trading on Tuesday, hitting C$209.82. The stock had a trading volume of 119,924 shares, compared to its average volume of 245,836. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 32.01. Thomson Reuters has a 12 month low of C$159.25 and a 12 month high of C$217.83. The company has a 50 day simple moving average of C$211.52 and a 200-day simple moving average of C$196.26. The firm has a market cap of C$94.70 billion, a PE ratio of 26.94, a P/E/G ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. Analysts expect that Thomson Reuters will post 4.9537409 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. In other news, Senior Officer David Franklin Wong sold 600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total transaction of C$95,392.80. Also, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total value of C$744,562.50. 69.49% of the stock is owned by corporate insiders.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.