Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on Thomson Reuters, with six buy ratings, three strong-buy ratings, and two holds. The average 12-month price target is C$166.33, with recent targets ranging from C$180 to C$200.
• Thomson Reuters reported quarterly earnings of C$1.41 per share on revenue of C$2.78 billion, alongside a 21.22% net margin and 14.27% return on equity.
• Insiders have sold approximately 269,950 shares worth $39.6 million over the past three months, while insiders still own 69.76% of the company.

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI have been assigned a consensus recommendation of "Buy" from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$166.33.

Several equities analysts recently commented on TRI shares. National Bank Financial upped their price target 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. TD set a C$200.00 price objective on shares of Thomson Reuters and gave the stock a "buy" rating in a research note on Thursday, September 10th.

Thomson Reuters Stock Down 2.8%

TSE TRI opened at C$142.87 on Wednesday. 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 has a fifty day moving average of C$139.70 and a two-hundred day moving average of C$129.26. The firm has a market capitalization of C$61.89 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 3.64 and a beta of 0.07. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$236.16.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results 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 for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. On average, analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Transactions at Thomson Reuters

In related news, insider David Franklin Wong sold 299 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the completion of the transaction, the insider owned 21,848 shares in the company, valued at C$3,054,787.36. The trade was a 1.35% decrease in their position. Also, insider Elizabeth Florence Zimick sold 1,950 shares of the business's stock in a transaction 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 owned 2,210 shares of the company's stock, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their position. Over the last three months, insiders have sold 269,950 shares of company stock worth $39,594,818. 69.76% of the stock is currently owned by company 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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