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

Shares of Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) have received a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$166.33.

A number of research analysts recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. TD set a C$200.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, September 10th.

Thomson Reuters Stock Performance

TRI opened at C$132.18 on Wednesday. Thomson Reuters has a 12-month low of C$107.91 and a 12-month high of C$230.00. The stock has a market cap of C$57.26 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 3.64 and a beta of 0.07. The business has a 50 day moving average of C$140.39 and a 200-day moving average of C$129.32. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.The company had revenue of C$2.78 billion during the quarter. On average, equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Transactions at Thomson Reuters

In related news, insider The Woodbridge Company Limited sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of C$148.19, for a total transaction of C$17,782,800.00. Following the completion of the transaction, the insider directly owned 306,223,126 shares in the company, valued at C$45,379,205,041.94. This represents a 0.04% decrease in their position. Also, insider David Franklin Wong sold 2,701 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were 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 owned 19,147 shares in the company, valued at C$2,676,559.13. This represents a 12.36% decrease in their position. Over the last 90 days, insiders sold 269,950 shares of company stock valued at $39,594,818. 69.76% of the stock is currently owned by 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.