Thomson Reuters Co. (TSE:TRI) Stock Has Consensus Price Target of C$168.00

Key Points

• Analysts are moderately bullish: Nine brokerages give Thomson Reuters a consensus “Moderate Buy” rating, with an average 12-month price target of C$168. National Bank Financial raised its target to C$190, while TD’s target is C$200.
• Thomson Reuters reported quarterly EPS of C$1.15 and revenue of C$2.61 billion; analysts expect full-year EPS of C$5.64.
• Shares opened at C$163.55 and were reported up 5.5%. Insiders sold 266,950 shares over the past three months, though company insiders still own 69.76% of the stock.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$168.00.

A number of brokerages have recently commented on TRI. National Bank Financial increased their price objective on Thomson Reuters from C$180.00 to C$190.00 and gave the company an "outperform" rating in a report on Wednesday. Jefferies Financial Group upgraded Thomson Reuters to a "strong-buy" rating in a report on Tuesday, October 20th. Finally, TD set a C$200.00 target price on Thomson Reuters and gave the stock a "buy" rating in a research report on Thursday, September 10th.

Insiders Place Their Bets

In other news, insider The Woodbridge Company Limited sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of C$148.19, for a total value of C$17,782,800.00. Following the sale, the insider directly owned 306,223,126 shares of the company's stock, valued at approximately C$45,379,205,041.94. This trade represents a 0.04% decrease in their ownership of the stock. Also, insider Elizabeth Florence Zimick sold 1,950 shares of Thomson Reuters stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$149.61, for a total value of C$291,739.50. Following the completion of the transaction, the insider owned 2,210 shares in the company, valued at C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. In the last three months, insiders have sold 266,950 shares of company stock valued at $39,175,440. Company insiders own 69.76% of the company's stock.

Thomson Reuters Trading Up 5.5%

Shares of TSE:TRI opened at C$163.55 on Thursday. The stock has a market capitalization of C$70.86 billion, a PE ratio of 43.54, a P/E/G ratio of 3.64 and a beta of 0.15. Thomson Reuters has a 1 year low of C$107.91 and a 1 year high of C$211.53. The firm has a fifty day moving average price of C$147.99 and a 200 day moving average price of C$134.14. The company has a current ratio of 1.08, a quick ratio of 0.52 and a debt-to-equity ratio of 33.96.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its earnings results on Tuesday, November 3rd. The company reported C$1.15 EPS for the quarter. The firm had revenue of C$2.61 billion for the quarter. Thomson Reuters had a net margin of 20.01% and a return on equity of 13.75%. Analysts expect that Thomson Reuters will post 5.64 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.