Thomson Reuters Co. (TSE:TRI) Stock Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts rate Thomson Reuters a consensus “Buy”: Eleven brokerages cover the stock, with six buy ratings, three strong-buy ratings, and two holds. The average 12-month price target is C$166.33, with recent targets reaching C$180 and C$200.
• Thomson Reuters shares opened at C$147.30, up 2%, with a market capitalization of approximately C$63.82 billion. The stock trades at a P/E ratio of 39.21 and remains below its 52-week high of C$230.00.
• The company reported quarterly revenue of C$2.78 billion and earnings of C$1.41 per share, alongside a 21.22% net margin. Insiders have sold approximately 269,950 shares worth C$39.6 million over the past 90 days.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has earned a consensus recommendation of "Buy" from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-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 the stock. National Bank Financial increased 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 shares of Thomson Reuters and gave the company a "buy" rating in a report on Thursday, September 10th.

Thomson Reuters Trading Up 2.0%

TSE:TRI opened at C$147.30 on Friday. The stock has a market cap of C$63.82 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. Thomson Reuters has a fifty-two week low of C$107.91 and a fifty-two week high of C$230.00. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52. The stock's 50-day moving average is C$142.06 and its two-hundred day moving average is C$129.53.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share (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$2.78 billion during the quarter. As a group, equities research analysts forecast that Thomson Reuters will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In other Thomson Reuters news, insider Elizabeth Florence Zimick sold 1,950 shares of the company's 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 transaction, the insider directly owned 2,210 shares of the company's stock, valued at C$330,638.10. This represents a 46.88% decrease in their position. Also, insider David Franklin Wong sold 2,701 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$139.79, for a total value of C$377,572.79. Following the sale, 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 ownership of the stock. Insiders have sold 269,950 shares of company stock worth $39,594,818 over the last 90 days. 69.76% of the stock is currently owned by corporate insiders.

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.

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