Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Buy” by Brokerages

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have earned a consensus rating of “Buy” from the twelve analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$163.00.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered Thomson Reuters from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. TD increased their target price on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Argus raised Thomson Reuters to a “hold” rating in a report on Wednesday, April 22nd. Finally, 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 report on Wednesday, May 6th.

Thomson Reuters Stock Up 3.3%

Shares of Thomson Reuters stock opened at C$128.90 on Friday. The company has a market cap of C$56.27 billion, a P/E ratio of 37.33, a PEG ratio of 3.64 and a beta of 0.06. The company has a debt-to-equity ratio of 22.71, a quick ratio of 0.52 and a current ratio of 0.60. Thomson Reuters has a one year low of C$107.91 and a one year high of C$299.24. The firm has a fifty day moving average of C$118.56 and a two-hundred day moving average of C$134.80.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. Thomson Reuters had a net margin of 19.83% and a return on equity of 12.64%. The business had revenue of C$2.90 billion for the quarter. On average, analysts forecast that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were 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 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. Also, Director Jason Williams sold 2,864 shares of the business’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. Insiders have sold a total of 3,497 shares of company stock worth $432,829 over the last 90 days. Insiders own 69.76% of the company’s stock.

About Thomson Reuters

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.