Key Points
- Director Jason Williams sold 2,864 shares of Thomson Reuters on May 11 at an average price of C$122.18, totaling about C$349,924.
- The company recently reported quarterly EPS of C$1.71 on revenue of C$2.90 billion, with net margin at 19.92% and return on equity of 12.64%.
- Analysts remain generally bullish on Thomson Reuters, with a consensus rating of “Buy” and an average price target of C$163.00, despite some recent target cuts.
Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) Director Michael Goddard sold 133 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$131.86, for a total value of C$17,537.38. Following the completion of the transaction, the director owned -2 shares of the company's stock, valued at C($263.72). This trade represents a 101.53% decrease in their position.
Thomson Reuters Trading Down 2.0%
TSE:TRI opened at C$119.60 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 20.72. Thomson Reuters Co. has a 1-year low of C$109.20 and a 1-year high of C$299.24. The firm has a market capitalization of C$52.21 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11. The stock has a fifty day simple moving average of C$128.54 and a 200 day simple moving average of C$156.88.
Thomson Reuters (TSE:TRI - Get Free Report) (NYSE:TRI) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. Thomson Reuters had a return on equity of 12.64% and a net margin of 19.92%.The business had revenue of C$2.90 billion during the quarter. Sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on TRI shares. TD increased their price objective on Thomson Reuters from C$175.00 to C$185.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. BMO Capital Markets reduced their price objective on Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce reduced their price objective on Thomson Reuters from C$183.00 to C$140.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada raised Thomson Reuters from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, February 10th. Finally, Argus raised Thomson Reuters to a "hold" rating in a research note on Wednesday, April 22nd. Four investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$163.00.
View Our Latest Research Report on TRI
About Thomson Reuters
(
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Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.
Further Reading
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