National Bank Financial Forecasts Strong Price Appreciation for Thomson Reuters (TSE:TRI) Stock

Key Points

• National Bank Financial raised Thomson Reuters’ price target to C$180 from C$171 and maintained an “outperform” rating, implying 29.63% upside from the reported share price.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average target price of C$166.33; TD also increased its target to C$200, while Scotia reduced its target to C$138.
• Thomson Reuters reported quarterly EPS of C$1.41 on revenue of C$2.78 billion, with a 19.93% net margin and 12.70% return on equity. The stock was trading at C$138.86, with a market capitalization of approximately C$60.62 billion.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its target price lifted by National Bank Financial from C$171.00 to C$180.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 29.63% from the company's current price.

Other research analysts also recently issued reports about the stock. Argus upgraded shares of Thomson Reuters to a "hold" rating in a research report on Wednesday, April 22nd. Scotia lowered their price target on Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating for the company in a report on Wednesday, May 6th. Finally, TD upped their price objective on Thomson Reuters from C$185.00 to C$200.00 and gave the stock a "buy" rating in a research report on Thursday. Three 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$166.33.

Thomson Reuters Price Performance

TRI stock traded up C$1.37 during midday trading on Thursday, reaching C$138.86. The company had a trading volume of 417,210 shares, compared to its average volume of 824,086. The company has a market capitalization of C$60.62 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. The stock has a 50 day moving average price of C$124.41 and a 200-day moving average price of C$128.07. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$251.55. The company has a debt-to-equity ratio of 22.71, a current ratio of 0.60 and a quick ratio of 0.52.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last released its earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The firm had revenue of C$2.78 billion for the quarter. Thomson Reuters had a net margin of 19.93% and a return on equity of 12.70%. Equities research analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Transactions at Thomson Reuters

In related news, Director Jason Williams sold 2,864 shares of Thomson Reuters stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$122.18, for a total transaction of C$349,923.52. 69.76% of the stock is currently owned by company 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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