Thomson Reuters Co. (TSE:TRI) Given Consensus Rating of “Buy” by Brokerages

Thomson Reuters Co. (TSE:TRI) (NYSE:TRI) has earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$167.20.

Several research firms recently commented on TRI. Canadian Imperial Bank of Commerce lowered their target price 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 report on Tuesday, February 10th. Wells Fargo & Company cut Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Argus raised Thomson Reuters to a “hold” rating in a research report on Wednesday. Finally, National Bank Financial cut their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Sunday, February 8th.

Thomson Reuters Price Performance

TRI opened at C$123.51 on Friday. The firm has a market cap of C$54.71 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 3.64 and a beta of 0.11. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 17.82. The stock’s 50-day moving average price is C$127.75 and its 200 day moving average price is C$164.81. Thomson Reuters has a 12-month low of C$109.20 and a 12-month high of C$299.24.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last announced its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. Thomson Reuters had a net margin of 20.09% and a return on equity of 12.37%. The firm had revenue of C$2.76 billion for the quarter. As a group, sell-side analysts expect that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Insider Buying and Selling

In other Thomson Reuters news, insider The Woodbridge Company Limited sold 135,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of C$126.85, for a total value of C$17,124,750.00. Following the sale, the insider directly owned 312,518,088 shares of the company’s stock, valued at approximately C$39,642,919,462.80. This represents a 0.04% decrease in their position. 69.76% of the stock is owned by company insiders.

About Thomson Reuters

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.