Thomson Reuters (TSE:TRI) Price Target Raised to C$180.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price increased by National Bank Financial from C$171.00 to C$180.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on the stock. TD lifted their price target on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday. Scotia dropped their price objective 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, Argus upgraded Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$166.33.

Thomson Reuters Trading Up 1.4%

TSE TRI opened at C$142.03 on Thursday. The stock has a market cap of C$61.53 billion, a PE ratio of 37.81, a PEG ratio of 3.64 and a beta of 0.08. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$251.55. The company’s 50-day moving average price is C$125.33 and its 200-day moving average price is C$127.94. 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 data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. The company had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. Equities research analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Activity

In other news, Director Jason Williams sold 2,864 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total value of C$349,923.52. Also, insider David Franklin Wong sold 2,701 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total transaction of C$377,572.79. Following the completion of the sale, the insider directly owned 19,147 shares of the company’s stock, valued at C$2,676,559.13. The trade was a 12.36% decrease in their position. Over the last quarter, insiders have sold 5,864 shares of company stock worth $769,302. 69.76% of the stock is owned by company 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.