Thomson Reuters (TSE:TRI) Raised to Strong-Buy at Jefferies Financial Group

Key Points

• Jefferies upgraded Thomson Reuters to “strong buy,” adding to an overall “buy” consensus from analysts. The average price target is C$166.33, with targets including C$180 from National Bank Financial and C$200 from TD.
• Thomson Reuters shares rose 3.7% to open at C$158.42, while the company reported C$1.41 in quarterly EPS and C$2.78 billion in revenue. Analysts expect full-year EPS of approximately C$5.64.
• Insiders have sold roughly 269,950 shares worth C$39.6 million over the past 90 days, though company insiders still own 69.76% of the stock.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI was upgraded by research analysts at Jefferies Financial Group to a "strong-buy" rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other research firms have also weighed in on TRI. National Bank Financial boosted their target price on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. TD set a C$200.00 price target on Thomson Reuters and gave the company a "buy" rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$166.33.

Thomson Reuters Trading Up 3.7%

TSE:TRI opened at C$158.42 on Tuesday. Thomson Reuters has a 12 month low of C$107.91 and a 12 month high of C$230.00. The firm has a market cap of C$68.64 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 3.64 and a beta of 0.06. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 28.56. The company's 50 day moving average is C$143.34 and its 200-day moving average is C$130.96.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The business 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 analysts anticipate that Thomson Reuters will post 5.64 EPS for the current year.

Insider Activity

In related news, insider The Woodbridge Company Limited sold 65,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$145.38, for a total value of C$9,449,700.00. Following the sale, the insider owned 306,093,126 shares of the company's stock, valued at C$44,499,818,657.88. The trade was a 0.02% decrease in their ownership of the stock. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the completion of the sale, the insider directly owned 2,210 shares in the company, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their position. Over the last ninety days, insiders have sold 269,950 shares of company stock worth $39,594,818. Company insiders own 69.76% of the company's stock.

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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