Elizabeth Florence Zimick Sells 1,950 Shares of Thomson Reuters (TSE:TRI) Stock

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) insider Elizabeth Florence Zimick sold 1,950 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the sale, the insider owned 2,210 shares in the company, valued at approximately C$330,638.10. This trade represents a 46.88% decrease in their position.

Thomson Reuters Stock Performance

TRI stock traded up C$4.32 during midday trading on Tuesday, reaching C$141.73. The company had a trading volume of 460,496 shares, compared to its average volume of 813,467. Thomson Reuters Co. has a fifty-two week low of C$107.91 and a fifty-two week high of C$248.50. The firm has a market capitalization of C$61.40 billion, a PE ratio of 37.73, a P/E/G ratio of 3.64 and a beta of 0.08. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 26.44. The stock has a 50 day moving average price of C$128.17 and a 200 day moving average price of C$126.67.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share (EPS) for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%.The business had revenue of C$2.78 billion during the quarter. Analysts anticipate that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRI. Scotia dropped their price target on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 6th. National Bank Financial increased 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 report on Thursday, August 6th. Argus raised Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, TD upped their price objective on Thomson Reuters from C$185.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$166.33.

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.