National Bank Financial Has Lowered Expectations for Thomson Reuters (TSE:TRI) Stock Price

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target lowered by research analysts at National Bank Financial from C$175.00 to C$171.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 23.26% from the stock’s current price.

TRI has been the topic of a number of other reports. Wells Fargo & Company downgraded shares of Thomson Reuters from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. TD lifted their price target on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Argus raised shares of Thomson Reuters to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Scotia cut their price objective on shares of Thomson Reuters from C$156.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$162.33.

Thomson Reuters Trading Up 3.6%

TRI opened at C$138.73 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.60 and a debt-to-equity ratio of 22.71. Thomson Reuters has a 52 week low of C$107.91 and a 52 week high of C$291.44. The stock has a market cap of C$60.56 billion, a PE ratio of 40.17, a PEG ratio of 3.64 and a beta of 0.06. The business has a 50 day moving average of C$119.13 and a 200-day moving average of C$132.26.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.71 earnings per share for the quarter. The company had revenue of C$2.90 billion for the quarter. Thomson Reuters had a return on equity of 12.70% and a net margin of 19.93%. Equities research analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current fiscal year.

Insider Buying and Selling at Thomson Reuters

In other news, Director Jason Williams sold 2,864 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$122.18, for a total value of C$349,923.52. Also, Director Sean Cannizzaro sold 320 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of C$130.70, for a total value of C$41,824.00. Following the transaction, the director owned 1,075 shares of the company’s stock, valued at C$140,502.50. The trade was a 22.94% decrease in their ownership of the stock. Insiders sold 3,497 shares of company stock worth $432,829 over the last three months. Corporate insiders own 69.76% of the company’s stock.

Thomson Reuters Company Profile

Thomson Reuters (TSX/Nasdaq: TRI) powers business-critical professions with trusted AI technology built for high-stakes work. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media with products that combine highly specialized software, authoritative content, and deep domain expertise. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news.