Thomson Reuters (TSE:TRI) Price Target Raised to C$225.00 at TD Securities

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price objective raised by TD Securities from C$210.00 to C$225.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 6.18% from the company’s current price.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada lifted their target price on Thomson Reuters from C$149.00 to C$153.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. National Bank Financial lowered shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Tuesday, February 20th. National Bankshares downgraded Thomson Reuters from a “sector perform” rating to an “underperform” rating and set a C$210.00 price objective on the stock. in a research report on Tuesday, February 20th. Canaccord Genuity Group boosted their target price on Thomson Reuters from C$147.00 to C$149.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, CIBC upped their target price on Thomson Reuters from C$138.00 to C$146.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$181.78.

Thomson Reuters Stock Performance

Shares of TRI stock traded down C$1.82 during trading on Wednesday, reaching C$211.90. 134,708 shares of the company’s stock traded hands, compared to its average volume of 237,774. The firm’s 50-day moving average is C$205.59 and its 200 day moving average is C$188.44. The company has a market capitalization of C$95.86 billion, a P/E ratio of 27.43, a PEG ratio of 3.64 and a beta of 0.39. Thomson Reuters has a 1 year low of C$159.25 and a 1 year high of C$217.83. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 31.76.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.25 by C$0.09. Thomson Reuters had a net margin of 39.67% and a return on equity of 23.06%. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.52 billion. Equities research analysts expect that Thomson Reuters will post 4.8582358 EPS for the current year.

Insider Buying and Selling at Thomson Reuters

In other news, Director Heather Anne O’hagan sold 735 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$140.27, for a total value of C$103,095.51. Following the completion of the sale, the director now owns 630 shares of the company’s stock, valued at approximately C$88,367.58. In other Thomson Reuters news, Director Heather Anne O’hagan sold 735 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$140.27, for a total transaction of C$103,095.51. Following the completion of the transaction, the director now owns 630 shares of the company’s stock, valued at approximately C$88,367.58. Also, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$158.99, for a total value of C$95,392.80. Insiders have sold 6,462 shares of company stock worth $930,645 over the last ninety days. Insiders own 69.35% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of 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.