Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) had its price objective hoisted by equities researchers at National Bankshares from C$217.00 to C$219.00 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target indicates a potential downside of 2.80% from the stock’s current price.
Several other brokerages also recently weighed in on TRI. TD Securities increased their price target on Thomson Reuters from C$210.00 to C$225.00 and gave the stock a “hold” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group lifted their price target on Thomson Reuters from C$147.00 to C$149.00 and gave the company a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets upped their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Thomson Reuters from C$149.00 to C$153.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Finally, National Bank Financial downgraded shares of Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Thomson Reuters currently has a consensus rating of “Hold” and a consensus price target of C$183.33.
View Our Latest Stock Report on Thomson Reuters
Thomson Reuters Trading Up 1.2 %
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$1.34 EPS for the quarter, beating the consensus estimate of C$1.25 by C$0.09. The business had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.52 billion. Thomson Reuters had a net margin of 34.87% and a return on equity of 20.18%. Sell-side analysts anticipate that Thomson Reuters will post 5.047491 EPS for the current year.
Insider Activity
In related news, Senior Officer David Franklin Wong sold 600 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. In other Thomson Reuters news, Director Linda Walker sold 4,750 shares of Thomson Reuters stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$156.75, for a total transaction of C$744,562.50. Also, Senior Officer David Franklin Wong sold 600 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$158.99, for a total transaction of C$95,392.80. Company insiders own 69.49% of the company’s stock.
About Thomson Reuters
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.
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