Key Points
- Insider sale: Elizabeth Florence Zimick sold 1,950 Thomson Reuters shares for approximately C$291,740 at an average price of C$149.61, reducing her holdings by 46.88% to 2,210 shares.
- Financial performance: Thomson Reuters reported quarterly revenue of C$2.78 billion and earnings of C$1.41 per share, with a 21.22% net margin and 14.27% return on equity.
- Analyst outlook: The stock carries a consensus “Buy” rating and an average price target of C$166.33, with recent targets ranging from C$138 to C$200.
Thomson Reuters Co. (TSE:TRI - Get Free Report) (NYSE:TRI) insider Elizabeth Florence Zimick sold 1,950 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$149.61, for a total transaction of C$291,739.50. Following the transaction, the insider owned 2,210 shares of the company's stock, valued at approximately C$330,638.10. This represents a 46.88% decrease in their position.
Thomson Reuters Stock Performance
TRI opened at C$140.33 on Wednesday. The company has a debt-to-equity ratio of 28.56, a quick ratio of 0.52 and a current ratio of 0.51. The stock has a market capitalization of C$60.79 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 3.64 and a beta of 0.08. The company has a fifty day moving average of C$128.68 and a 200 day moving average of C$126.54. Thomson Reuters Co. has a fifty-two week low of C$107.91 and a fifty-two week high of C$248.50.
Thomson Reuters (TSE:TRI - Get Free Report) (NYSE:TRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$1.41 EPS for the quarter. Thomson Reuters had a net margin of 21.22% and a return on equity of 14.27%. The business had revenue of C$2.78 billion for the quarter. As a group, sell-side analysts forecast that Thomson Reuters Co. will post 5.6395803 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. TD increased their price target on 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. Scotia cut their target price on shares of Thomson Reuters from C$156.00 to C$138.00 and set a "sector outperform" rating for the company in a report on Wednesday, May 6th. Argus upgraded shares of Thomson Reuters to a "hold" rating in a research report on Wednesday, April 22nd. Finally, National Bank Financial upped their price target on shares of Thomson Reuters from C$171.00 to C$180.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$166.33.
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About Thomson Reuters
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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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