Thomson Reuters (TSE:TRI) Stock Price Up 5.9% - Here's What Happened

Key Points

• Thomson Reuters shares rose 5.9% to C$171.40, reaching an intraday high of C$173.28, though trading volume was 58% below the average.
• Analyst sentiment remains positive: National Bank raised its target to C$180, Jefferies upgraded the stock to “strong buy,” and TD set a C$200 target. The consensus rating is “Buy,” with an average target of C$166.33.
• The company reported quarterly earnings of C$1.41 per share and revenue of C$2.78 billion, while insiders sold approximately 269,950 shares worth nearly $39.6 million during the last quarter.

Shares of Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI rose 5.9% during trading on Thursday. The stock traded as high as C$173.28 and last traded at C$171.40. Approximately 324,680 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 778,670 shares. The stock had previously closed at C$161.89.

Wall Street Analyst Weigh In

TRI has been the topic of a number of recent research reports. National Bank Financial raised their price target 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. Jefferies Financial Group raised shares of Thomson Reuters to a "strong-buy" rating in a report on Tuesday. Finally, TD set a C$200.00 target price on shares of Thomson Reuters and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$166.33.

Thomson Reuters Price Performance

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 stock has a market capitalization of C$74.71 billion, a price-to-earnings ratio of 45.90, a P/E/G ratio of 3.64 and a beta of 0.06. The business's 50 day simple moving average is C$143.72 and its 200-day simple moving average is C$131.22.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 earnings per share for the quarter. The company 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%. On average, research analysts forecast that Thomson Reuters Co. will post 5.64 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In related news, insider The Woodbridge Company Limited sold 65,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of C$145.38, for a total transaction 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. This trade represents a 0.02% decrease in their position. Also, insider David Franklin Wong sold 299 shares of Thomson Reuters stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of C$139.82, for a total value of C$41,806.18. Following the sale, the insider directly owned 21,848 shares in the company, valued at C$3,054,787.36. The trade was a 1.35% decrease in their ownership of the stock. In the last quarter, insiders have sold 269,950 shares of company stock valued at $39,594,818. 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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