National Bank Financial Lifted Thomson Reuters (TRI) Target Price to C$73.00

National Bank Financial Lifted Thomson Reuters (TRI) Target Price to C$73.00

Thomson Reuters (TSE:TRI) (NYSE:TRI) had its target price lifted by equities research analysts at National Bank Financial from C$69.00 to C$73.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 7.12% from the stock’s current price. National Bank Financial also issued estimates for Thomson Reuters’ FY2018 earnings at $0.81 EPS and FY2019 earnings at $1.77 EPS.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Thomson Reuters from C$65.00 to C$69.00 in a report on Wednesday, November 7th. Berenberg Bank cut their price objective on shares of Thomson Reuters from C$45.00 to C$44.00 in a report on Thursday, August 30th. Finally, TD Securities lifted their price objective on shares of Thomson Reuters from C$68.00 to C$69.00 and gave the company a “buy” rating in a report on Wednesday, November 7th.

Thomson Reuters stock opened at C$68.15 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 0.21 and a debt-to-equity ratio of 58.70. Thomson Reuters has a fifty-two week low of C$46.69 and a fifty-two week high of C$68.70.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last issued its quarterly earnings data on Tuesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.09. The business had revenue of C$1.69 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. As a group, analysts forecast that Thomson Reuters will post 1.34000002516801 EPS for the current fiscal year.

In other Thomson Reuters news, Director Stephen J. Adler sold 15,000 shares of Thomson Reuters stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of C$47.65, for a total value of C$714,750.00. Also, Director Vance A. Sider sold 88,548 shares of Thomson Reuters stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$45.56, for a total transaction of C$4,034,246.88. Over the last three months, insiders have sold 186,665 shares of company stock worth $8,751,016.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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