Thomson Reuters Co. (TRI.TO) – What Are Brokerages Thinking About This Stock?

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$166.33.

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

Insider Buying and Selling

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction of C$9,449,700.00. Following the completion of the transaction, the insider owned 306,093,126 shares of the company’s stock, valued at C$44,499,818,657.88. This represents a 0.02% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$149.61, for a total value of C$291,739.50. Following the transaction, the insider directly owned 2,210 shares of the company’s stock, valued at C$330,638.10. The trade was a 46.88% decrease in their position. Insiders have sold 269,950 shares of company stock valued at $39,594,818 over the last ninety days. 69.76% of the stock is owned by insiders.

Thomson Reuters Stock Up 2.1%

Shares of Thomson Reuters stock opened at C$153.12 on Friday. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. Thomson Reuters has a 52-week low of C$107.91 and a 52-week high of C$230.00. The company’s 50 day moving average price is C$142.69 and its 200-day moving average price is C$130.33. The stock has a market capitalization of C$66.34 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 3.64 and a beta of 0.06.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The company had revenue of C$2.78 billion during the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. Equities research analysts forecast that Thomson Reuters will post 5.64 EPS for the current year.

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.