National Bank Financial Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Key Points

• National Bank Financial raised its Thomson Reuters price target from C$180 to C$190 and maintained an “outperform” rating, implying 15.15% upside from the current share price.
• Analyst sentiment is broadly positive: MarketBeat reports an average “Buy” rating, with two Strong Buy, six Buy, and two Hold recommendations. The average analyst price target is C$168.
• Shares rose 6.4% to C$165 on Wednesday. Thomson Reuters reported quarterly EPS of C$1.15 and revenue of C$2.61 billion.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price boosted by research analysts at National Bank Financial from C$180.00 to C$190.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 15.15% from the stock's current price.

TRI has been the topic of a number of other research reports. Jefferies Financial Group upgraded Thomson Reuters to a "strong-buy" rating in a report on Tuesday, October 20th. TD set a C$200.00 target price on Thomson Reuters and gave the company a "buy" rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Thomson Reuters currently has an average rating of "Buy" and an average target price of C$168.00.

Thomson Reuters Trading Up 6.4%

Shares of TSE TRI traded up C$9.93 during midday trading on Wednesday, hitting C$165.00. 538,511 shares of the company traded hands, compared to its average volume of 783,882. Thomson Reuters has a 12-month low of C$107.91 and a 12-month high of C$211.53. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The stock has a 50-day moving average price of C$147.60 and a 200 day moving average price of C$134.19. The firm has a market cap of C$71.49 billion, a P/E ratio of 43.93, a P/E/G ratio of 3.64 and a beta of 0.15.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings data on Tuesday, November 3rd. The company reported C$1.15 EPS for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The business had revenue of C$2.61 billion during the quarter. As a group, analysts expect that Thomson Reuters will post 5.64 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David Franklin Wong sold 2,701 shares of Thomson Reuters stock in a transaction dated 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 transaction, the insider directly owned 19,147 shares of the company's stock, valued at C$2,676,559.13. This trade represents a 12.36% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the business's 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 directly owned 2,210 shares in the company, valued at C$330,638.10. The trade was a 46.88% decrease in their position. Insiders sold a total of 269,950 shares of company stock worth $39,594,818 in the last three months. 69.76% of the stock is owned by corporate insiders.

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.

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