National Bank Financial Boosts Thomson Reuters (TSE:TRI) Price Target to C$108.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by National Bank Financial from C$96.00 to C$108.00 in a research report report published on Thursday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Thomson Reuters’ Q4 2020 earnings at $0.67 EPS and FY2022 earnings at $2.86 EPS.

Separately, TD Securities lifted their price target on Thomson Reuters from C$105.00 to C$115.00 and gave the stock a buy rating in a research note on Monday, September 28th.

TRI stock opened at C$109.14 on Thursday. The company has a debt-to-equity ratio of 44.51, a quick ratio of 1.17 and a current ratio of 1.41. The stock has a market capitalization of $54.19 billion and a price-to-earnings ratio of 34.15. Thomson Reuters has a 1 year low of C$75.91 and a 1 year high of C$109.99. The stock’s fifty day moving average is C$103.83 and its two-hundred day moving average is C$97.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.54 by C$0.07. The company had revenue of C$1.95 billion during the quarter, compared to analysts’ expectations of C$1.98 billion. As a group, analysts predict that Thomson Reuters will post 2 EPS for the current fiscal year.

In other Thomson Reuters news, Director Brian S. Peccarelli sold 7,132 shares of Thomson Reuters stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$103.34, for a total transaction of C$737,040.85. Following the transaction, the director now owns 30 shares of the company’s stock, valued at approximately C$3,100.28.

About Thomson Reuters

Thomson Reuters Corporation provides news and information-based tools to professionals worldwide. It operates through five segments: Legal Professionals, Corporates, Tax 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.

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