Thomson Reuters - TRI Stock Forecast, Price & News

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, and international news to media organizations, professional, and news consumers through news agency and industry events. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price objective on shares of Thomson Reuters from C$154.00 to C$157.00 in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Thomson Reuters has an average rating of "Moderate Buy" and an average target price of C$147.17.

Thomson Reuters Price Performance

Shares of TSE:TRI opened at C$150.02 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.82 and a debt-to-equity ratio of 30.47. The stock has a market capitalization of C$72.52 billion and a PE ratio of 102.75. The firm's 50 day moving average price is C$136.61 and its 200-day moving average price is C$132.50. Thomson Reuters has a twelve month low of C$119.23 and a twelve month high of C$156.62.

Thomson Reuters (TSE:TRI - Get Rating) (NYSE:TRI) last released its quarterly earnings results on Thursday, August 4th. The company reported C$0.77 earnings per share for the quarter, topping the consensus estimate of C$0.68 by C$0.09. The business had revenue of C$2.06 billion during the quarter, compared to the consensus estimate of C$2.08 billion. Equities research analysts expect that Thomson Reuters will post 4.2099999 EPS for the current year.

Insider Buying and Selling

In other Thomson Reuters news, Director Sean Cannizzaro sold 350 shares of the business's stock in a transaction dated Friday, August 5th. The stock was sold at an average price of C$146.54, for a total transaction of C$51,290.40. Following the completion of the sale, the director now owns 1,114 shares of the company's stock, valued at C$163,250.02.