National Bankshares Increases Thomson Reuters (TSE:TRI) Price Target to C$231.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target raised by research analysts at National Bankshares from C$219.00 to C$231.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 7.24% from the stock’s current price.

Separately, TD Securities boosted their target price on shares of Thomson Reuters from C$230.00 to C$235.00 and gave the company a “hold” rating in a research note on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$185.22.

Thomson Reuters Trading Down 2.3 %

TSE:TRI traded down C$5.07 during mid-day trading on Friday, reaching C$215.41. 206,306 shares of the company’s stock traded hands, compared to its average volume of 315,792. Thomson Reuters has a 12-month low of C$163.01 and a 12-month high of C$242.92. The company has a debt-to-equity ratio of 37.11, a current ratio of 0.97 and a quick ratio of 0.52. The company has a 50 day moving average price of C$229.30 and a 200-day moving average price of C$218.40. The firm has a market capitalization of C$97.05 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.64 and a beta of 0.38.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$1.50 earnings per share for the quarter, topping the consensus estimate of C$1.27 by C$0.23. Thomson Reuters had a return on equity of 20.18% and a net margin of 34.87%. The company had revenue of C$2.54 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. On average, sell-side analysts predict that Thomson Reuters will post 5.0831533 earnings per share for the current year.

Insider Buying and Selling at Thomson Reuters

In other news, Director Karen L. Hirsh sold 726 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total value of C$120,879.00. In related news, Director Karen L. Hirsh sold 726 shares of Thomson Reuters stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$166.50, for a total transaction of C$120,879.00. Also, Director Ryan Kessler sold 372 shares of Thomson Reuters stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$171.46, for a total transaction of C$63,783.12. Following the transaction, the director now directly owns 196 shares of the company’s stock, valued at C$33,606.16. In the last ninety days, insiders have sold 1,243 shares of company stock worth $208,984. Insiders own 69.64% 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.