TD Issues Positive Forecast for Thomson Reuters (TSE:TRI) Stock Price

Key Points

• TD raised Thomson Reuters’ price target from C$185 to C$200 and maintained a “buy” rating, implying 44.03% potential upside from the cited price.
• Analyst sentiment remains positive overall, with the stock carrying a consensus “Buy” rating and an average price target of C$166.33, despite some firms lowering their targets.
• Thomson Reuters reported quarterly revenue of C$2.78 billion and EPS of C$1.41, while its shares rose 1.0% to C$138.86 during the reported trading session.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI had its price target increased by research analysts at TD from C$185.00 to C$200.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD's target price points to a potential upside of 44.03% from the stock's current price.

TRI has been the topic of a number of other research reports. Scotia reduced their price objective on Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, May 6th. Argus upgraded Thomson Reuters to a "hold" rating in a report on Wednesday, April 22nd. Finally, National Bank Financial decreased their price target on Thomson Reuters from C$175.00 to C$171.00 and set an "outperform" rating for the company in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$166.33.

Thomson Reuters Trading Up 1.0%

TSE TRI traded up C$1.37 during mid-day trading on Thursday, hitting C$138.86. The company's stock had a trading volume of 417,210 shares, compared to its average volume of 824,086. The firm has a market capitalization of C$60.62 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 3.64 and a beta of 0.08. 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 has a 52-week low of C$107.91 and a 52-week high of C$251.55. The stock's fifty day simple moving average is C$124.41 and its two-hundred day simple moving average is C$128.07.

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

Insider Activity at Thomson Reuters

In other news, Director Jason Williams sold 2,864 shares of the firm's 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. Company insiders own 69.76% of the company's stock.

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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