Thomson Reuters (TSE:TRI) Price Target Raised to C$286.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its price target upped by analysts at National Bankshares from C$260.00 to C$286.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 13.39% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Thomson Reuters from C$251.00 to C$256.00 in a research report on Wednesday, November 6th. TD Securities increased their price objective on shares of Thomson Reuters from C$250.00 to C$260.00 and gave the company a “hold” rating in a report on Friday. Finally, Wells Fargo & Company upgraded shares of Thomson Reuters to a “hold” rating in a research report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$209.83.

Thomson Reuters Trading Down 0.4 %

Shares of TRI traded down C$0.99 during trading hours on Friday, hitting C$252.22. 185,614 shares of the stock were exchanged, compared to its average volume of 294,054. The company has a debt-to-equity ratio of 29.05, a current ratio of 0.88 and a quick ratio of 0.52. The firm has a market capitalization of C$113.43 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 3.64 and a beta of 0.40. The business has a 50-day moving average of C$234.79 and a 200-day moving average of C$230.43. Thomson Reuters has a fifty-two week low of C$200.50 and a fifty-two week high of C$255.65.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last posted its quarterly earnings results on Thursday, February 6th. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.04. Thomson Reuters had a return on equity of 20.41% and a net margin of 33.65%. During the same period last year, the company earned $0.98 earnings per share. On average, research analysts expect that Thomson Reuters will post 5.6395803 EPS for the current year.

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.