Thomson Reuters Co. (TSE:TRI) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts maintain a “Buy” consensus on Thomson Reuters, with six buy, three strong-buy, and two hold ratings. The average 12-month price target is C$166.33.
• Recent analyst updates were mixed but generally positive: National Bank raised its target to C$180, while TD increased its target to C$200; Scotia lowered its target to C$138 but kept a sector-outperform rating.
• Thomson Reuters reported quarterly revenue of C$2.78 billion and EPS of C$1.41. Insiders sold 4,950 shares worth approximately C$711,118 over the past 90 days.

Thomson Reuters Co. (TSE:TRI - Get Free Report) NYSE: TRI has been given a consensus recommendation of "Buy" by the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$166.33.

Several analysts have issued reports on TRI shares. National Bank Financial increased their price objective on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Scotia reduced their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, May 6th. Finally, TD upped their target price on shares of Thomson Reuters from C$185.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, August 6th.

Insider Buying and Selling at Thomson Reuters

In other news, insider David Franklin Wong sold 299 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$139.82, for a total transaction of C$41,806.18. Following the completion of the sale, the insider directly owned 21,848 shares in the company, valued at C$3,054,787.36. This trade represents a 1.35% 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 sale, the insider directly owned 2,210 shares in the company, valued at approximately C$330,638.10. The trade was a 46.88% decrease in their ownership of the stock. Insiders have sold a total of 4,950 shares of company stock worth $711,118 in the last ninety days. 69.76% of the stock is currently owned by insiders.

Thomson Reuters Price Performance

Shares of TSE TRI opened at C$145.39 on Friday. The company has a debt-to-equity ratio of 28.56, a current ratio of 0.51 and a quick ratio of 0.52. Thomson Reuters has a 1-year low of C$107.91 and a 1-year high of C$248.50. The company has a market capitalization of C$62.99 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 3.64 and a beta of 0.08. The business has a 50-day moving average of C$130.58 and a 200-day moving average of C$126.59.

Thomson Reuters (TSE:TRI - Get Free Report) NYSE: TRI last announced its earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. The business had revenue of C$2.78 billion for the quarter. Thomson Reuters had a return on equity of 14.27% and a net margin of 21.22%. On average, equities analysts anticipate that Thomson Reuters will post 5.6395803 EPS for the current fiscal year.

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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