Thomson Reuters (TSE:TRI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price boosted by BMO Capital Markets from C$265.00 to C$280.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.96% from the company’s previous close.

A number of other brokerages have also commented on TRI. Bank of America set a C$255.00 price target on Thomson Reuters and gave the stock a “neutral” rating in a report on Thursday, April 10th. TD Securities upped their target price on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a research note on Friday, February 7th. Finally, National Bankshares raised their price target on shares of Thomson Reuters from C$260.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$252.40.

Thomson Reuters Price Performance

TSE TRI opened at C$254.64 on Friday. Thomson Reuters has a 1 year low of C$214.51 and a 1 year high of C$262.09. The company has a fifty day simple moving average of C$247.90 and a 200 day simple moving average of C$239.85. The company has a current ratio of 0.94, a quick ratio of 0.52 and a debt-to-equity ratio of 24.28. The company has a market cap of C$80.44 billion, a P/E ratio of 38.34, a P/E/G ratio of 3.64 and a beta of 0.40.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 20.19%. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, sell-side analysts predict that Thomson Reuters will post 5.6395803 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kerry Hendrikx sold 1,500 shares of Thomson Reuters stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$247.06, for a total value of C$370,591.65. Also, Senior Officer David Franklin Wong sold 2,256 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of C$251.96, for a total transaction of C$568,432.59. Corporate insiders own 69.76% 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.