Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) had its price objective lifted by equities researchers at TD Securities from C$225.00 to C$230.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 2.08% from the company’s previous close.
TRI has been the subject of several other reports. National Bank Financial cut Thomson Reuters from a “sector perform under weight” rating to an “underperform underweight” rating in a research note on Tuesday, February 20th. BMO Capital Markets raised their price objective on Thomson Reuters from C$211.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. CIBC lifted their price target on Thomson Reuters from C$138.00 to C$146.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. 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. Finally, National Bankshares boosted their price objective on Thomson Reuters from C$217.00 to C$219.00 in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$183.33.
Thomson Reuters Stock Up 1.2 %
Thomson Reuters (TSE:TRI – Get Free Report) (NYSE:TRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$1.34 earnings per share for the quarter, topping 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 the consensus estimate of C$2.52 billion. Thomson Reuters had a return on equity of 23.06% and a net margin of 39.67%. Analysts predict that Thomson Reuters will post 4.9537409 earnings per share for the current fiscal year.
Insider Activity at Thomson Reuters
In related news, Director Linda Walker sold 4,750 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$156.75, for a total value of C$744,562.50. In other news, Director Linda Walker sold 4,750 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was 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 firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$158.99, for a total value of C$95,392.80. Company insiders own 69.49% 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.
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