Thomson Reuters (TSE:TRI) Stock Rating Upgraded by Scotiabank

Thomson Reuters (TSE:TRI) (NYSE:TRI) was upgraded by equities researchers at Scotiabank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks.com reports.

Other equities analysts have also issued research reports about the company. TD Securities lifted their price target on Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. National Bankshares upped their target price on Thomson Reuters from C$219.00 to C$231.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$189.63.

Thomson Reuters Trading Up 1.9 %

TRI stock opened at C$229.88 on Tuesday. The stock has a market cap of C$103.38 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. Thomson Reuters has a one year low of C$163.01 and a one year high of C$242.92. The company has a fifty day moving average price of C$225.50 and a two-hundred day moving average price of C$221.13.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$1.16 earnings per share for the quarter, topping the consensus estimate of C$1.10 by C$0.06. The firm had revenue of C$2.38 billion for the quarter, compared to analysts’ expectations of C$2.38 billion. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. Equities analysts anticipate that Thomson Reuters will post 5.2408144 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer David Franklin Wong sold 399 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of C$155.78, for a total transaction of C$62,156.22. In related news, Director Karen L. Hirsh sold 726 shares of Thomson Reuters stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total value of C$120,879.00. Also, Senior Officer David Franklin Wong sold 399 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$155.78, for a total transaction of C$62,156.22. Insiders have sold a total of 1,497 shares of company stock worth $246,818 over the last 90 days. Corporate insiders own 69.78% of the company’s stock.

Thomson Reuters Company Profile

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.