Thomson Reuters (TSE:TRI) Director Sells C$17,537.38 in Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) Director Michael Goddard sold 133 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$131.86, for a total value of C$17,537.38. Following the transaction, the director directly owned -2 shares of the company’s stock, valued at approximately C($263.72). The trade was a 101.53% decrease in their ownership of the stock.

Thomson Reuters Price Performance

TRI stock traded down C$2.42 on Tuesday, hitting C$119.60. 1,067,793 shares of the company’s stock traded hands, compared to its average volume of 849,380. The stock has a market cap of C$52.21 billion, a price-to-earnings ratio of 34.63, a P/E/G ratio of 3.64 and a beta of 0.11. Thomson Reuters Co. has a 1-year low of C$109.20 and a 1-year high of C$299.24. The company has a current ratio of 0.60, a quick ratio of 0.52 and a debt-to-equity ratio of 20.72. The stock has a fifty day moving average of C$128.54 and a 200-day moving average of C$156.88.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. The business had revenue of C$2.90 billion during the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%. On average, analysts forecast that Thomson Reuters Co. will post 5.6395803 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TRI shares. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday, April 22nd. BMO Capital Markets lowered their price target on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Royal Bank Of Canada upgraded Thomson Reuters from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Scotia reduced their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Wednesday, May 6th. Finally, National Bank Financial dropped their price target on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$163.00.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.